Dinesh Khara

Dinesh Kumar Khara is an Indian banker and the Chairman of the State Bank of India (SBI), the largest public sector bank in the country. He took over as Chairman on October 7, 2020, succeeding Rajnish Kumar. With a career spanning over three decades in SBI, Khara has played a pivotal role in various capacities, contributing significantly to the bank's growth and transformation.

Early Life and Education

Dinesh Khara was born on August 28, 1961, in India. He holds a Master's degree in Business Administration (MBA) from the Faculty of Management Studies, University of Delhi. Additionally, he is a postgraduate in Commerce and a Certified Associate of the Indian Institute of Bankers (CAIIB).

Career

Dinesh Khara joined the State Bank of India as a Probationary Officer in 1984. Over the years, he has held various key positions across different domains within the bank. His extensive experience includes assignments in Retail Banking, Credit, and International Banking.

Before his appointment as Chairman, Khara served as the Managing Director (MD) of Global Banking & Subsidiaries. In this role, he was responsible for overseeing the bank's international operations and subsidiaries. He played a crucial role in the merger of SBI with its five associate banks and the Bharatiya Mahila Bank, a move that significantly enhanced the bank's size and reach.

Key Contributions

Merger of Associate Banks: Dinesh Khara was instrumental in the historic merger of SBI with its five associate banks and the Bharatiya Mahila Bank in 2017. This merger was a significant milestone in the Indian banking sector, creating a banking behemoth with a larger market share and expanded geographical presence.

Digital Transformation: Under Khara's leadership, SBI has made substantial progress in digital banking. He has been a strong advocate for leveraging technology to improve customer service and operational efficiency. Initiatives like YONO (You Only Need One), SBI's integrated digital banking platform, have gained considerable traction under his guidance.

International Expansion: As MD of Global Banking & Subsidiaries, Khara spearheaded SBI's international operations, focusing on expanding the bank's footprint in key global markets and enhancing cross-border banking services.

Leadership Style

Dinesh Khara is known for his strategic vision and innovative approach to banking. He emphasizes customer-centric policies, operational efficiency, and technological integration. His leadership style is characterized by a focus on long-term growth, sustainability, and stakeholder value.

Awards and Recognitions

Throughout his illustrious career, Khara has received numerous accolades for his contributions to the banking sector. His leadership during the merger of associate banks and the digital transformation of SBI has been widely recognized.

Personal Life

Dinesh Khara is known for his humility and dedication to his work. He is married and has two children. Outside of his professional life, he enjoys reading and spending time with his family.

Related Questions

1. Who is Dinesh Khara?

Dinesh Kumar Khara is an Indian banker and the Chairman of the State Bank of India (SBI), the largest public sector bank in the country. He assumed the role on October 7, 2020.

2. What is Dinesh Khara's educational background?

Dinesh Khara holds a Master's degree in Business Administration (MBA) from the Faculty of Management Studies, University of Delhi. He is also a postgraduate in Commerce and a Certified Associate of the Indian Institute of Bankers (CAIIB).

3. When did Dinesh Khara join the State Bank of India?

Dinesh Khara joined the State Bank of India as a Probationary Officer in 1984.

4. What are some key positions Dinesh Khara has held at SBI?

Over his career at SBI, Dinesh Khara has held various key positions, including Managing Director (MD) of Global Banking & Subsidiaries, where he oversaw the bank's international operations and subsidiaries.

5. What significant merger was Dinesh Khara involved in?

Dinesh Khara played a pivotal role in the historic merger of SBI with its five associate banks and the Bharatiya Mahila Bank in 2017, which significantly enhanced the bank's size and market presence.

6. How has Dinesh Khara contributed to SBI's digital transformation?

Under Khara's leadership, SBI has made substantial progress in digital banking. He has been a strong advocate for leveraging technology to improve customer service and operational efficiency. Initiatives like YONO (You Only Need One), SBI's integrated digital banking platform, have gained considerable traction under his guidance.

7. What is Dinesh Khara's approach to international expansion?

As MD of Global Banking & Subsidiaries, Khara focused on expanding SBI's footprint in key global markets and enhancing cross-border banking services.