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Dinesh Khara Wiki, Age, Wife, Family, Biography & More

April 8, 20240

 

Dinesh Khara is an Indian banker and chairperson. He is the chairman of the State Bank of India (SBI).

Wiki/Biography

Dinesh Kumar Khara was born on Monday, 28 August 1961 (age 62 years; as of 2024). His zodiac sign is Virgo. He pursued his postgraduate in Commerce from the Delhi School of Economics (D School) at the University of Delhi. He also received an MBA from the Faculty of Management Studies at the University of Delhi. He is a Certified Associate of the Indian Institute of Bankers (CAIIB).

Physical Appearance

Height (approx.): 5′ 6″

Hair Colour: Salt and pepper

Eye Colour: Brown

Family

Parents & Siblings

There is not much information about his parents and siblings.

Wife & Children

Dinesh is married to Anita Khara. She serves as the National President of the SBI Ladies Club.

Signature/Autograph

Dinesh Khara signature

Career

State Bank of India

State Bank of India is a government-owned corporation established in 1955. In 1984, Dinesh Khara was hired by the State Bank of India (SBI) as a probationary officer. During his time at SBI, he was the Managing Director (MD) of Global Banking & Subsidiaries, the MD of State Bank Associates and Subsidiaries and the Chief General Manager of the Bhopal Circle branch. As Chief General Manager, he was in charge of about 1,400 branches.

Dinesh Khara at his desk in his office

Dinesh also worked in the Overseas Expansion wing of the International Banking Group and is credited for helping with acquiring the Indian Ocean International Bank Mauritius (now SBI Mauritius). He was also posted in Chicago for an overseas assignment. He also served as the Managing Director and CEO of SBI Funds Management Pvt. Ltd. (SBIMF). As MD and CEO, he led the company to become the fifth-largest mutual fund in India. He was made the Managing Director of SBI on 9 August 2016 for three years. In 2019, after a performance review, his term was extended by 2 years. He is in charge of banking operations including international banking, corporate banking, and treasury operations. He is credited for the successful merger of SBI with its five associate banks and the Bhartiya Mahila Bank. His initiative led SBI to the top 50 banks globally. In 2017, Dinesh and Rajnish Kumar (former SBI Chairman who was MD at the time) applied to be Chairman; while Rajnish was chosen for the role, it was decided that Dinesh would become Chairman after. Although he was set to retire in 2021, Dinesh was appointed as the chairman of SBI on 7 October 2020 for a term of three years.

The Ministry of Finance issued a statement that read,

Dinesh Kumar Khara, appointed as chairman of the bank for a period of 3 years with effect from the date of his taking over charge of the post on or after 7.10.2020, or until further orders, whichever is earlier.”

In October 2023, the government extended his term as chairman until August 2024, that is, when Dinesh turns 63 years old.

Controversies

Threat Of Being Kidnapped

In 2022, during Dinesh Khara’s tenure as chairman, his assistant received a threatening call from a man who identified himself as Mohammed Jia Ul Ali. The caller demanded that the bank sanction a loan of Rs. 10 lakh. If the same was not done, the caller threatened to kidnap and murder the SBI chairman. He further threatened to bomb the bank’s corporate office. The bank’s assistant security manager lodged a complaint to the Mumbai police. They traced the call to West Bengal and sent a team of Mumbai police officers to arrest the caller.

Award

Dinesh Khara received the Indian of the Year 2023 from CNN-News18 under the business category.

Dinesh Khara receiving the Indian of the Year 2023 award

Salary

Dinesh Khara’s salary was Rs. 34,42,500 for the 2022 financial year (April 2021 to March 2022). His basic salary was Rs. 27 lakh and his dearness allowance was Rs. 7,42,500.

Facts/Trivia

  • Dinesh Khara is invited to events and universities to present speeches or as the chief guest.

    Dinesh Khara giving a talk at Columbia Business School, New York

  • In an interview, Dinesh said that ‘persistence’ is the word that describes him best.