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Was Dinesh Khara Being Considered For HDFC Bank CEO Even Before Jagdishan Decided To Call It A Day
Reliable sources indicate that former State Bank of India (SBI) Chairman Dinesh Khara is emerging as a top contender to succeed Sashidhar Jagdishan as MD & CEO of HDFC Bank. Intriguingly, his name did not surface suddenly after Jagdishan announced he would not seek reappointment when his current term ends on October 26. Sources reveal that Khara’s name cropped up “informally” in July this year. That was when HDFC Bank’s Special Disciplinary Committee—examining the bank’s deposit arrangements with the Maharashtra State Road Development Corporation (MSRDC)—found no evidence of personal enrichment or mala fide intent, but characterized the executive conduct as “business overreach”. Consequently, the board issued warning letters and a Rs 1 lakh fine to Jagdishan, CFO Srinivasan Vaidyanathan, and a senior executive. The incident sparked corporate governance concerns. Industry experts argue it would have been ideal for Jagdishan to step down then, particularly in light of former chairman Atanu Chakraborty’s abrupt resignation on March 18, when he cited practices not in alignment with his “personal values and ethics.” While the regulator initially backed Jagdishan and the bank, the internal disciplinary committee’s Rs 1 lakh fine raised eyebrows and drew scrutiny. What does the 65-year-old Khara bring to the table? He carries over 40 years of banking experience, having joined SBI as a Probationary Officer in 1984 and retiring as its Chairman in August 2024 after a four-year tenure. At SBI, managing a massive balance sheet and a customer base running into hundreds of millions gave him unmatched experience in handling large-scale financial operations without compromising liquidity or capital adequacy. There is also speculation that Khara enjoys the backing of a prominent business house.

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Editor’s Note: Short Post Is Here To Stay…

Time, they say, flies—and how true that is. Here we are celebrating our 5th Anniversary. Five years ago, when Covid-19 was wreaking havoc across the globe, I took a leap of faith and launched Short Post, India’s first website for Authentic Gossip. That was on January 31, 2021. I was convinced there was a clear gap in the market for gossip that was credible, sharp, and impactful—especially if told in just 250 words.

In this, I was fortunate. Scores of senior editors across diverse verticals bought into the idea and, in the process, gave wings to my dream. Quite honestly, Short Post could not have crossed these milestones without the unflinching support of its contributing editors. Like all start-ups, we have seen our share of ups and downs, but these editors have stood by us like a rock. I take this opportunity to doff my hat to them.

Thanks to their commitment, we have published close to 5,000 stories spanning politics, business, entertainment, and sports. I say this with pride: we made our mark as people who matter read us. “Small packs, big impact” truly captures the essence of Short Post.

We all know that Covid-19 has reset businesses worldwide, and the media sector is no exception. In the post-Covid era, investors have become more cautious and selective—and advertisers too. To compound matters, the entry of AI has disrupted the media landscape in equal measure. So far, we have managed to hold our ground, hopeful that some angel investors will take a shine to us.

What gives me confidence is this: AI cannot smell news—especially the gossipy kind. In other words, AI cannot churn out Short Post-type stories, no matter the prompt. That puts us in a safe zone. As someone rightly said, “AI is a co-pilot, not a pilot.”