He is presently working as MD and Chief Executive Officer of SBI Funds Management Pvt Ltd.
The Appointments Committee of Cabinet (ACC) has appointed Khara for a period of three years, extendable by two years after review of his performance, an order issued by Department of Personnel and Training said.
The ACC has approved appointments of four General Managers as Executive Directors in various banks.
Ashok Kumar Garg and Raj Kamal Verma have been appointed as ED of Bank of Baroda and Union Bank of India respectively.