Shillong, August 27: The government is contemplating an increase in the retirement age for top officials of public sector banks (PSBs) and Life Insurance Corporation (LIC).
As per IANS, State Bank of India (SBI) Chairman Dinesh Khara might receive an extension, having assumed the role in October 2020 for a three-year term. Current rules permit SBI’s chief to serve until 63, while Khara is set to reach 63 in August next year.
Reports suggest that the present retirement age of PSB chiefs, currently at 60, could be raised to 62. Similarly, there’s a proposal to elevate the retirement age of LIC’s Chairman from 62 to 65.
