In August 2019, which of the following banks extended the term of office of its Managing Director Dinesh Kumar Khera for two years?
SBI
Understanding Bank Managing Director Term Extensions
The question asks about a specific event in August 2019 concerning a bank that extended the term of office for its Managing Director, Dinesh Kumar Khara.
Let's analyze the options provided:
- Citibank: An international bank.
- IDBI: An Indian public sector bank.
- ICICI: An Indian private sector bank.
- SBI: State Bank of India, a major Indian public sector bank.
According to the information related to banking appointments in August 2019, the term of office for Shri Dinesh Kumar Khara as Managing Director of the State Bank of India (SBI) was extended by two years.
Therefore, the bank that extended the term of its Managing Director Dinesh Kumar Khara in August 2019 is SBI.
Key Details about the SBI MD Term Extension
- Bank: State Bank of India (SBI)
- Managing Director: Dinesh Kumar Khara
- Event: Term of office extended
- Duration of Extension: Two years
- Timeframe: August 2019
Role of a Bank Managing Director (MD)
A Managing Director (MD) in a bank is a key executive responsible for the day-to-day operations and overall management of the bank. Their appointment and term extensions are significant decisions influencing the bank's direction and stability.
Appointments and term extensions for senior executives in public sector banks like SBI are often approved by the government or relevant regulatory bodies, ensuring governance and compliance.
Revision Table: Key Information
| Detail | Information |
|---|---|
| Bank | SBI (State Bank of India) |
| Managing Director | Dinesh Kumar Khara |
| Action | Term of Office Extended |
| Extension Duration | Two Years |
| Timeline | August 2019 |
Additional Information about SBI and Banking Appointments
State Bank of India (SBI) is the largest public sector bank in India. It plays a crucial role in the Indian economy. The appointment and tenure of its top management, including the Chairman and Managing Directors, are closely watched.
Appointments at this level typically involve recommendations from the Banks Board Bureau (BBB) and approval from the Appointments Committee of the Cabinet (ACC), headed by the Prime Minister.
Extending the term of an experienced MD like Dinesh Kumar Khara (who later became Chairman of SBI) indicates continuity in leadership and confidence in their performance at that time.
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