The Pension Fund Regulatory and Development Authority (PFRDA) has appointed Shri Dinesh Kumar Khara as the Chairman of the Board of NPS Trust w.e.f. 2nd January, 2026.

Shri Khara has a distinguished career with nearly 40 years of extensive experience in the banking sector, both in India and internationally. He served as the Chairman of State Bank of India (SBI) from October, 2020 to August, 2024. Prior to his appointment as Chairman, he was the Managing Director (Global Banking & Subsidiaries), where he led the International Banking group, Corporate Banking, Treasury Operations, and successfully guided SBI’s non-banking subsidiaries, including SBI Mutual Fund, SBI Life Insurance, SBI Cards, and SBI Capital Markets.
 
As Managing Director (Associates & Subsidiaries), Shri Khara played a pivotal role in the successful merger of five Associate Banks and Bhartiya Mahila Bank with SBI. He also managed key functions such as Risk, Information Technology, and Compliance.
 
Before becoming Managing Director at SBI in August 2016, Shri Khara was the Managing Director & CEO of SBI Funds Management Private Limited from November, 2013 to August, 2016. He began his career with SBI as a Probationary Officer in 1984 and has consistently demonstrated leadership across various facets of banking.

Shri Khara is appointed Chairperson of Corporate Bond and Securitisation Advisory Committee of SEBI. In addition, he is a Member of Insurance Advisory committee of IRDAI.

Shri Khara holds an MBA from the Faculty of Management Studies, New Delhi, and a postgraduate degree in Commerce from the Delhi School of Economics. He is also a Fellow of the Indian Institute of Banking & Finance. He is deeply focused on leveraging analytics and technology to drive innovation and enhance operational efficiency in corporate entities.