Key Points
- Dinesh Khara has retired as chairman of the State Bank of India (SBI) and as director of SBI Cards & Payment Services Ltd.
- Khara said thanks to his team and everyone who supported him in his resignation letter.
- CS Setty is taking over as the new chairman of SBI.
- During Khara’s time, SBI saw a boost in profits and better loan book quality.
- SBI’s stock went up by 0.54% to Rs 819.45 during the day and ended a bit higher at Rs 815.90.
- In the past year, the stock’s up by 42.43%, and it’s up 27.22% this year so far.
Looma News
Dinesh Khara has wrapped up his time as the chairman of SBI and as a director at SBI Cards & Payment Services Ltd. It’s been quite a ride under his leadership, and he’s done a great job. In his goodbye note, Khara thanked everyone who helped him along the way.
Now, CS Setty is stepping in as the new chairman. Setty, who’s one of the bank’s managing directors, will be the 27th person to hold the top spot at SBI. Khara’s leadership made a real difference, boosting SBI’s profits and improving the loan portfolio, leaving the bank in a solid place.
Reflecting the positive changes during Khara’s time, SBI’s stock has been doing well. On his last day, the stock went up a bit, closing 0.10% higher at Rs 815.90. Over the past year, the share price has jumped by 42.43%, showing just how successful Khara’s tenure has been. It’s clear his time at SBI has been marked by some impressive growth.
