Rama Mohan Rao Amara is set to be elevated to the position of managing director of State Bank of India, a vacancy created after CS Setty was made chairman of the country’s largest lender.

FSIB, the headhunter for directors of state-owned banks and financial institutions, has recommended Amara’s name. He is currently deputy managing director of the bank.

The Financial Services Institutions Bureau (FSIB) interviewed nine candidates for the position of managing director of SBI.

"Keeping in view their performance in the interface, overall experience and the extant parameters, the Bureau recommends Rama Mohan Rao Amara for the position of MD in SBI," FSIB said in a statement.

The SBI board is headed by chairman assisted by four managing directors. With the selection of Amara, SBI will get its fourth MD.

The final decision on FSIB's recommendation would be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi.

FSIB is headed by former secretary, Department of Personnel and Training (DoPT), Bhanu Pratap Sharma.

Other members of the headhunter are Animesh Chauhan, former chairman and MD of erstwhile Oriental Bank of Commerce, RBI's ex-executive director Deepak Singhal, and Shailendra Bhandari, former MD of erstwhile ING Vysya Bank.