Shetty, who is currently the senior-most managing director of SBI, will succeed Dinesh Kumar Khara as chairman when his tenure ends in August 2024.
The other two MDs who were interviewed are Ashwini Kumar Tiwari and Vinay M Tonsey.
"Considering his performance at the interface, his overall experience and the existing parameters, the Bureau has recommended Challa Srinivasulu Setty for the post of Chairman in SBI," FSIB said.
The SBI Chairman is appointed from a group of serving managing directors of the bank. After being recommended by the FSIB, the proposal is ultimately to be approved by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi.
FSIB is headed by Bhanu Pratap Sharma, former secretary of the Department of Personnel and Training (DoPT). The members include the Financial Services Secretary, Department of Public Enterprises Secretary and a Deputy Governor of the RBI.
The other two MDs who were interviewed are Ashwini Kumar Tiwari and Vinay M Tonsey.
"Considering his performance at the interface, his overall experience and the existing parameters, the Bureau has recommended Challa Srinivasulu Setty for the post of Chairman in SBI," FSIB said.
The SBI Chairman is appointed from a group of serving managing directors of the bank. After being recommended by the FSIB, the proposal is ultimately to be approved by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi.
FSIB is headed by Bhanu Pratap Sharma, former secretary of the Department of Personnel and Training (DoPT). The members include the Financial Services Secretary, Department of Public Enterprises Secretary and a Deputy Governor of the RBI.
