Dinesh Khara and SBI’s two missing years

Despite having a tenure without any distractions, and without any new focus area, SBI has somehow stagnated under the present chairman.

In October 2020, State Bank of India’s current chairman—Dinesh Kumar Khara—took over the reins of the country’s largest public sector lender from his predecessor, Rajnish Kumar. He has now completed two years at the helm. 

As he completes two years, SBI’s stock price is up about 3x, as of Tuesday’s close. In the same period, the S&P BSE Bankex index is up just 1.8x. And the bank’s nearest rival—private sector lender HDFC Bank—has seen its shares rise just 1.27x during this time.

While, on the bourses, the stock of SBI saw massive growth, the actual growth in its business has …

Author

Furquan Moharkan

Furquan leads the banking coverage at The Morning Context. A business journalist with eight years of experience and a best-selling author, in his earlier stints as a reporter with the Deccan Herald and a columnist at The Banker, he wrote on banking, financial markets and regulatory affairs. He has extensively covered India's debt market crisis, banking crisis and the fall of Yes Bank.

Editor, Banking

furquan@mailtmc.com

Delhi