N K Chari takes over as MD of State Bank of Mysore

N.K. Chari on 30 May 2016 took over as the Managing Director (MD) of State Bank of Mysore.

The State Bank of Mysore is one of the associate banks of State Bank of India (SBI).

Who is N.K. Chari?

• Prior to his new position, N.K. Chari served as the Deputy Managing Director of State Bank of India.

• He joined State Bank of India as a Probationary Officer in September 1978.

• He served as the Chief Operating Officer in National Banking Group, the retail branch network of State Bank of India.

• He has also headed the Mid Corporate Vertical of State Bank of India.

• Prior to that, he was the Chief General Manager of State Bank of India, Chandigarh Circle, covering the four states of Jammu and Kashmir, Himachal Pradesh, Punjab, Haryana and the Union Territory of Chandigarh.

• He has also served as the Managing Director of Nepal SBI Bank Limited for four years from 2007.

• He holds a postgraduate degree in Commerce from Delhi University.

About State Bank of Mysore

• State Bank of Mysore is a nationalised bank in India, with headquarters at Bengaluru.

• It is one of the five associate banks of State Bank of India.

• It was established in the year 1913 as The Bank of Mysore Ltd. under the patronage of Maharaja Krishna Raja Wadiyar IV.

• During 1953, Mysore Bank was appointed as an agent of Reserve Bank of India to undertake Government business and treasury operations.

• In March 1960, it became a subsidiary of the State Bank of India under the State Bank of India (subsidiary Banks) Act 1959.

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