Setty, Tewari & Tonse in fray for SBI chairman’s post

Mumbai, May 29: Three out of the four serving MDs of the country’s largest lender, SBI are in fray for the post of the bank’s chairman. FSIB is scheduled to conduct the interactions today in New Delhi.

Post interview, the headhunter for directors of state-owned banks and financial institutions, will recommend the name for the SBI chairman. The present SBI chairman, Dinesh Khara will be superannuating on August 28 when he turns 63, which also happens to be the upper age limit for the SBI Chairman position.

The three MDs of the bank who appeared for the interview include CS Setty, Ashwini Tewari and Vinay Tonse. The fourth MD of the bank, Alok Choudhary, was not invited for the interview as he will be superannuating on June 30.

FSIB will recommend the name for the eligible SBI chairman to Appointment Committee of the Cabinet (ACC), headed by Prime Minister Narendra Modi.

FSIB is headed by Bhanu Pratap Sharma, former secretary of Department of Personnel and Training (DoPT). The members of the government-appointed selection panel are Financial Services Secretary, Department of Public Enterprises Secretary and an RBI Deputy Governor.

Other members of the headhunter are Animesh Chauhan, former chairman and MD of erstwhile Oriental Bank of Commerce, RBI's ex-executive director Deepak Singhal, and Shailendra Bhandari, former MD of erstwhile ING Vysya Bank.