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Beneath present norms, the SBI chairman can maintain the submit till the age of 63 years (Representational)
State Financial institution of India Chairman Dinesh Khara is more likely to get an extension as the federal government is contemplating enjoyable the retirement age of chiefs of all public sector banks and LIC.
The proposal earlier than the federal government additionally consists of mountaineering the retirement age restrict of managing administrators of public sector banks (PSBs) to 62 years, from the present 60 years, a senior authorities official stated on Saturday.
Veteran banker Khara took over because the chairman of SBI in October 2020 for 3 years.
Beneath present norms, the SBI chairman can maintain the submit till the age of 63 years. Khara attains 63 years in August subsequent 12 months.
“There’s a dialogue to extend the age restrict for retirement of chiefs of PSBs and Life Insurance coverage Corp (LIC). Concurrently, discussions are on for elevating superannuation age for managing administrators of PSBs to 62 years from 60 years,” the official stated.
A remaining choice is but to be taken on the retirement age for heads of PSBs and LIC, the official added.
At the moment, the retirement age of LIC chairman is 62 years.
First Printed: Aug 26 2023 | 8:44 PM IST