The government on Tuesday appointed State Bank of India (SBI) managing director Dinesh Kumar Khara to head the country’s largest bank on incumbent Rajneesh Kumar’s retirement. His appointment will be effective from October 7 for a period of three years.

Separately, the Banks Board Bureau (BBB) has recommended the appointment of Swaminthan Janakiraman and Ashwini Kumar Tewari as managing directors of SBI.

Deputy MD Janakiraman and Tiwari, who is the SBI Cards CEO, will replace Khara and Arijit Basu, who is due to retire at the end of the month.

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