Rama Mohan Rao Amara will be SBI's next Managing Director

[{"selector":"#anim-196570d6-d01b-40d1-942f-8d3a8ed407b5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(10.459459571145274%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The Financial Services Institutions Bureau (FSIB), the recruitment body for directors of state-owned banks and financial institutions,

[{"selector":"#anim-10d74324-453e-47a7-80f5-76ea39c2fdac [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-13.227037651481922%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] has proposed Rama Mohan Rao Amara as the new Managing Director of State Bank of India (SBI).

[{"selector":"#anim-84cf820c-f6c9-492f-8a6b-e17c68ef6521 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-7.801986636375766%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Currently serving as Deputy Managing Director at SBI, Amara is set to succeed C S Setty who was recently promoted to Chairman.

[{"selector":"#anim-9017b153-942e-47a2-b583-122f622e4ed5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] In a statement, the FSIB expressed its support for Amara's appointment as SBI's Managing Director.

[{"selector":"#anim-60da960d-9702-4938-aa59-fdb1d79e2023 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The bureau stated, "Keeping in view their performance in the interface, overall experience and the extant parameters

[{"selector":"#anim-330244b7-5135-4aca-9b14-b9656d5076ab [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] This endorsement comes after evaluating each candidate's performance during interviews, and considering their overall banking experience.

[{"selector":"#anim-315743ed-2844-4884-9c48-f463cb927cd0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(24.827586860781782%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The SBI board is composed of a Chairman and four Managing Directors.

[{"selector":"#anim-4f8aa3d4-2656-4732-87e0-8a4a3df2cc74 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.552713678800501e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] With Amara's nomination, the bank is on track to appoint its fourth managing director.

[{"selector":"#anim-fd9d30b5-60f7-46fc-9a03-6c6e1109e657 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(8.756756850261155%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] However, the final decision regarding FSIB's recommendation lies with the Appointments Committee of the Cabinet (ACC)