NEW DELHI, Aug. 27 -- The Banks Board Bureau (BBB) will meet virtually on Friday to discuss the appointment of the chief of State Bank of India (SBI) as incumbent Rajnish Kumar will demit office in little over a month's time on 7 October.

Kumar was appointed for a period of three years from October 2017.

On Friday, the Appointments Committee of the Cabinet (ACC) appointed Ashwani Bhatia as the managing director of SBI. Besides Bhatia, Arijit Basu, CS Shetty, and Dinesh Khara are the other three MDs.

The Bureau will also discuss extension of the tenure of executive directors of other public sector banks and review applications received for the post of managing director of IFCI, a person aware of the development told Mint.

The BBB was s...