Shri Dinesh Kumar Khara
Chairman, State Bank of India
Job Information
About Dinesh Kumar Khara,Chairman SBI Biography, Age, Networth, Salary, Education Qualification Contact Information
Dinesh Kumar Khara is a highly experienced career banker and Chairman of the State Bank of India, a position he assumed on October 7, 2020. He has been associated with the bank since 1984 when he joined as a Probationary Officer. He is a postgraduate in Commerce from Delhi School of Economics and has an MBA from the Faculty of Management Studies, New Delhi. He is also a Certified Associate of the Indian Institute of Bankers. Khara has held several key positions in SBI, including MD (Global Banking & Subsidiaries), MD (Associates & Subsidiaries), MD & CEO (SBI Mutual Funds), and Chief General Manager – Bhopal Circle. As Managing Director, he led the International Banking Group, Corporate Banking, and Global Treasury Operations, as well as the non-banking subsidiaries of the Bank, including SBI Cards, SBIMF, SBI Life Insurance, and SBI General Insurance, among others. Under his leadership, SBI successfully merged five subsidiary banks and Bhartiya Mahila Bank with SBI, and he supervised the businesses of 15 Regional Rural Banks sponsored by SBI. Khara believes strongly in being prepared for the next ‘S curve’ transformation of organizations.
Profile Information Table of Dinesh Kumar Khara
| Name | Dinesh Kumar Khara |
|---|---|
| Date of Birth | August 28, 1961 |
| Age | 61 |
| Education | Postgraduate in Commerce from Delhi School of Economics and MBA from Faculty of Management Studies, New Delhi. Certified Associate of the Indian Institute of Bankers (CAIIB). |
| Career | Joined SBI in 1984 as a Probationary Officer. Held several key positions such as MD (Global Banking & Subsidiaries), MD (Associates & Subsidiaries), MD & CEO (SBI Mutual Funds) and Chief General Manager – Bhopal Circle. Headed the Risk, IT and Compliance functions of the bank at various points. |
| Current Position | Chairman of the State Bank of India |
| Previous Position | MD (Global Banking & Subsidiaries), MD (Associates & Subsidiaries), MD & CEO (SBI Mutual Funds), Chief General Manager – Bhopal Circle |
| Achievements | Successfully executed the merger of five Subsidiary Banks of SBI and Bhartiya Mahila Bank with SBI. Oversaw the businesses of Non-Banking subsidiaries of the Bank such as Asset Management, Life Insurance, General Insurance, Custodial Services, Primary Dealership, Investment Banking, Broking, Credit Cards, Pension Funds and Factoring services. Led SBI to an elevated level in terms of booking revenue by implementing effective collaboration with various Business Verticals and Subsidiaries of the Bank. |
| Residence | Mumbai, India |
| chairman@sbi.co.in | |
| Contact | +91 22 22022799 ( Off.) +91 22 22852708 ( Fax ) |
What are the roles and responsibilities of Dinesh Kumar Khara as Chairman of State Bank of India?
As Chairman of State Bank of India, Dinesh Kumar Khara is responsible for overseeing the overall functioning of the bank. He supervises the International Banking book, Corporate Banking book & Treasury operations of the Bank, and the businesses of Non-Banking subsidiaries of the Bank. He is also entrusted with the role of supervision of 15 Regional Rural Banks (sponsored by SBI) having more than 5,318 branches, serving more than 55 million customers.
What are the key achievements of Dinesh Kumar Khara?
During his tenure as Managing Director (Global Banking & Subsidiaries) of SBI, Mr. Khara spearheaded the Subsidiaries Vertical of SBI and achieved several key milestones, including:
- SBI Life stood market leaders with number 1 position in Individual New Business Premium among private insurers.
- SBI General grew faster than the Industry with 51% YoY growth in Gross Written Premium.
- SBI Mutual Funds crossed the historic milestone of USD.44.66 billion Average Assets under Management (AAUM).
- SBI Mutual Funds became the largest ETF manager in India with over 50% market share in the fast-growing ETF market.
- The Card base of SBI Cards grew by 35% YoY with the total number of credit cards reaching 9.5 million.
- SBI Pension maintained the lead position amongst Pension Fund Managers in terms of AUM in both Government and Private Sectors.
- The valuations of subsidiaries crossed the landmark of USD. 27.76 billion as on Sep-19.
- SBI divested a part of its stake in SBI Life Insurance through a highly successful initial public offering.
Mr. Khara also successfully accomplished the major feat of merging SBI with its five Associate Banks and Bhartiya Mahila Bank. With this feat, State Bank of India has joined the league of top 50 banks globally.
What is Dinesh Kumar Khara Salary?
According to SBI’s annual report for FY22, Dinesh Kumar Khara’s total salary for the financial year stood at ₹34.42 lakh, which included a basic salary of ₹27 lakh and a dearness allowance of ₹7,42,500. This is a 13.4% increase from his predecessor’s salary. The four managing directors of the bank earned from ₹31.66 lakh to over ₹32.62 lakh for the same period