Challa Sreenivasulu Setty has been appointed Chairman of the State Bank of India

Challa Sreenivasulu Setty has been appointed Chairman of the State Bank of India (SBI).
The proposal to appoint Challa Sreenivasulu Setty as Chairman of SBI has been approved by the Appointments Committee of the Cabinet (ACC).
His appointment will be effective for a three year period from the date of his assumption of charge of the office, on or after August 28, or until further orders, whichever is earlier.
He was serving as the SBI Managing Director, heading Global Markets & Technology.
His name for being appointed SBI Chairman was recommended by the Financial Services Institutions Bureau (FSIB) in June this year.
Incumbent SBI Chairman Dinesh Kumar Khara will be superannuating on August 28.
On August 28, he turns 63, the upper age limit for SBI chairman.
Rana Ashutosh Kumar Singh’s appointment as Managing Director of SBI has also been approved by the ACC.