SBI may be better off once Dinesh Khara steps away

In his three-plus years at the helm, the chairman of the public sector behemoth has turned the bank into a laggard on almost all key parameters, despite the great start given by his predecessors.

State Bank of India, India’s largest public sector lender, will soon have a vacancy at the top. Dinesh Kumar Khara, its chairman since October 2020, retires in August, when he turns 63.

His departure, in fact, could just be the best thing to happen to the bank in the last three-plus years. Because, under him, SBI has been nothing short of a laggard. Khara has done little of note in his tenure, despite getting a great start from his predecessors. We had said so back in November 2022, when he was just two years into the job (you can read …

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