SBI CEO Salary 2023 – Know the Annual Salary of the Chairman of SBI

State Bank of India or SBI is the largest public sector bank in India. The salary of its chairman or CEO is always a topic of discussion. As the head of this institution, SBI Chairman (CEO) plays a crucial role in handling the bank’s operations, making crucial decisions, and ensuring its growth & stability.

The current CEO/ Chairman of SBI is Dinesh Khara. As per the report, he took home an annual salary of 37 lakhs in the fiscal year 2022-23. The reason why the CEO of SBI draws an impressive salary is that he manages an immense responsibility for the bank. In this post, we will try to understand the structure and components of the SBI CEO’s Salary along with his role in the bank.

An Introduction to Dinesh Khara – Present Chairman of SBI

Full Name	Dinesh Kumar Khara
Date of birth	28th August 1961
Position	Chairman of the State Bank of India
Held the post since	7th October 2020
Preceded by	Rajnish Kumar
Joined SBI in the year	1984
Salary	Rs. 37 lakh per annum.

Salary of SBI CEO in 2023

In the fiscal year 2022-23, Dinesh Khara, the current CEO of SBI earned an annual salary of ₹37 lakh. According to a report by Moneycontrol, this salary consisted of Rs. 27 lakh basic pay and Rs. 9.99 lakh dearness allowance.

If we talk about the previous fiscal year, Khara earned Rs. 34.42 lakh which was 13.4% higher than his predecessor Rajnish Kumar’s salary.

As of March 2023, Khara has the massive responsibility of managing the Rs. 55 lakh crore of assets owned by SBI. It is true that his compensation has increased by around 7.5% as compared to the previous year, but it is still lower than the salaries of private bank officers.

SBI CEO’s Salary As Compared to the Salary of Other Bank CEO

The CEO of SBI receives a competitive salary package that matches the industry standards and market trends. You should note that his salary is determined by various factors including the bank’s financial performance, market conditions, experience/ qualification of the CEO, etc.

Other banks in India also offer competitive salary packages to their CEOs. These banks are often smaller in size compared to SBI, but they operate in a highly competitive market and need to attract top talent. The CEO salaries of private banks are influenced by factors such as the bank’s profitability, market share, growth potential, etc. Let’s take a look at the salary of CEOs of some other banks.

HDFC Bank

The Chief Executive Officer (CEO) of HDFC Bank Sashidhar Jagdhisan received an annual salary of Rs. 6.51 crore as direct compensation in the financial year 2021-22. This salary is huge as compared to SBI CEO Salary in 2023 because Sashidhar Jagdhisan manages only half the amount of assets as compared to Dinesh Khara.

Axis Bank

The managing director and CEO of Axis Bank is Amitabh Chaudhry. In the last financial year, he was the highest-paid private bank chief in India. He drew a total of Rs. 7.62 crore in annual salary.

Also Check SBI PO Salary

Roles and Responsibilities of SBI Chief Executive Officer (CEO)

Here are some of the key roles and responsibilities managed by the CEO of SBI.

1. Leadership and Strategy – SBI CEO is responsible for providing strong leadership and creating a strategy for the development of SBI.
2. Financial Management – He is also responsible for overseeing the financial performance of SBI ensuring its profitability, stability, and growth. Additionally, the CEO monitors key financial indicators, manages risk, etc. to maintain the bank’s financial health.
3. Stakeholder Management – The CEO is the official representative of SBI that manages relationships with various stakeholders including government bodies, regulatory authorities, shareholders, etc.
4. Business Development – The CEO focuses on expanding SBI’s business by exploring new opportunities, products, and services.
5. External Representation – Another duty of the SBI CEO is being the public face of SBI. He represents the bank in various industry conferences, forums, and events.
6. Corporate Governance – One of the major responsibilities of the SBI CEO is making sure that the bank follows corporate governance principles and legal requirements.

List of All Chairman of State bank Of India (SBI)

S.No.	Chairman	Term
1	John Matthai	1 July 1955 to 30 September 1956
2	H. V. R. Iyengar	1 October 1956 to 28 February 1957
3	P. C. Bhattacharya	1 March 1957 to 28 February 1961
4	Borra Venkatappaiah	1 March 1962 to 28 February 1965
5	V. T. Dehejia	1 March 1965 to 28 February 1969
6	Raj Kumar Talwar	1 March 1969 to 3 August 1976
7	T. R. Varadachary	4 August 1976 to 30 April 1977
8	P. C. D. Nambiar	23 May 1977 to 13 December 1982
9	V. S. Natarajan	20 December to 1982 30 January 1983
10	R. P. Goyal	31 January 1983 to 30 November 1983
11	Vishwanath N. Nadkarni	1 December 1983 to 27 July 1984
12	D. N. Ghosh	13 May 1985 to 12 May 1989
13	Atal V.	15 January 1990 to 17 February 1990
14	M. N. Goiporia	19 February 1990 to 31 July 1992
15	Dipankar Basu	25 February 1993 to 31 August 1995
16	P. G. Kakodkar	1 October 1995 to 31 March 1997
17	M. S. Verma	1 April 1997 to 30 September 1998
18	M. P. Radhakrishnan	1 December 1998 to 31 January 1999
19	G. G. Vaidya	1 February 1999 to 31 October 2000
20	Janki Vallabh	1 November 2000 to 31 October 2002
21.	Arun Kumar Purwar	13 November 2002 to 31 May 2006
22.	O. P. Bhatt	1 July 2006 to 6 April 2011
23.	Pratip Chaudhuri	7 April 2011 to 30 September 2013
24.	Arundhati Bhattacharya	1 October 2013 to 6 October 2017
25.	Rajnish Kumar	7 October 2017 to 6 October 2020
26.	Dinesh Kumar Khara	7 October 2020 to Incumbent

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