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FSIB to conduct interview for the post of SBI Chairman on Saturday


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The Financial Services Institutions Bureau (FSIB) is set to conduct interviews for the chairman’s position of the State Bank of India (SBI) on Saturday, according to a reliable source familiar with the matter. The interview for the SBI chairman’s position has been rescheduled for June 29. Only three managing directors of the bank are in the running for the position. The official stated that the result of the interview is expected to be announced on the same day.

Previous Schedule and Candidates

Originally, the interviews were scheduled to take place on May 21-22, with the aim of recommending a candidate for the chairman’s post of India’s largest public sector bank. But the interviews were postponed due to Lok Sabha elections. The source also revealed that the three managing directors (MDs) of SBI who are the front-runners for the chairman’s position are C S Setty, Ashwini Kumar Tewari, and Vinay M Tonse. The FSIB has already recommended the name of Rana Ashutosh Kumar Singh as a managing director of SBI.

Appointment Process and Decision-Making

Traditionally, the chairman of SBI is appointed from a pool of serving managing directors within the bank. The FSIB will recommend a candidate for the position, and the final decision will be made by the Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi.

Role of the Financial Services Institutions Bureau

The FSIB is an autonomous body responsible for making recommendations for the appointment of senior executives to public sector financial institutions. It was established in 2022 and is headed by Bhanu Pratap Sharma, the former Secretary of the Department of Personnel and Training, who serves as the chairman. The secretaries of the Department of Financial Services and the Department of Public Enterprises, along with other expert members, also serve as members of the bureau.

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