India has extended Dinesh Khara’s tenure as the chairman at State Bank of India, the country’s biggest bank, till August 2024. Khara had taken the role of SBI’s chairmanship on October 7, 2020 for three years. According to the norms, SBI chairman can hold the position till the age of 63.
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“Since the issue size was large, it took away the possibility of the share price seeing any scarcity premium on the listing day,” said Mrunmayee