Dinesh Kumar Khara was appointed as Managing Director of State Bank of India (SBI). 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 Executive Dircetor of Bank of Baroda and Union Bank of India respectively. Gopal Murli Bhagat and Himanshu Joshi have been appointed as Executive Director of Corporation Bank and Oriental Bank of Commerce respectively.

About Appointments Committee of the Cabinet(ACC)
The Appointments Committee of the Cabinet (ACC) decides appointments to several top posts under the Government of India. The committee is composed of the Prime Minister of India (who is the Chairman), the Minister of Home Affairs and the Minister in-charge of the concerned Ministry.

The Establishment Officer’s Division (EO Division) processes all proposals for senior appointments in the Government of India that require approval of the Appointments Committee of the Cabinet under the Government of India Transactions of Business Rules, 1961.