FSIB to hold interview for SBI chairman's position on June 29

New Delhi: Financial Services Institutions Bureau (FSIB) to conduct interviews for the selection of State Bank of India (SBI) Chairman

Financial Services Institutions Bureau (FSIB), responsible for appointing directors of state-owned banks and financial institutions, is set to conduct interviews to appoint a new Chairman for State Bank of India (SBI).

Last month, the interview process was unexpectedly postponed without citing a specific reason.

Sources indicate that three out of four serving Managing Directors of SBI are eligible to participate in the interview scheduled for June 29. The fourth MD, Alok Kumar Choudhary, is retiring on June 30 and hence ineligible.

FSIB aims to select a successor for Dinesh Kumar Khara, who will retire on August 28 upon reaching the upper age limit of 63 for the SBI Chairman's position. Traditionally, the Chairman is appointed from the pool of serving Managing Directors of SBI. FSIB will recommend a candidate, with the final decision resting with the Appointments Committee of the Cabinet, chaired by Prime Minister Narendra Modi.

FSIB, led by Bhanu Pratap Sharma, former Secretary of the Department of Personnel and Training (DoPT), oversees the selection process. The selection panel comprises the Financial Services Secretary, Secretary of the Department of Public Enterprises, and a Deputy Governor of the Reserve Bank of India (RBI).

Other members of FSIB include Animesh Chauhan, former Chairman and MD of Oriental Bank of Commerce, Deepak Singhal, ex-Executive Director of RBI, and Shailendra Bhandari, former MD of ING Vysya Bank.