Rajnish Kumar appointed SBI Chairman

SBI SBI account balance SBI account check State Bank of India ATM mobile

SBI SBI account balance SBI account check State Bank of India ATM mobile

Also Mr. Kumar takes charge of the bank at a time when SBI's bad loans have surged around 10%, after the merger of the associate banks which came into effect from April this year.

According to sources, Kumar will get a three-year term as chairman and managing director (CMD) in the public bank. Kumar, who has a three-year term at the helm, joined SBI as a Probationary Officer (PO) in 1980 and has worked in various departments.

The Appointments Committee of the Cabinet (ACC) on Wednesday appointed Rajnish Kumar as the new Chairman of India's largest state run lender, State Bank of India (SBI).

Gareth Bale out of Ireland game
Gareth Bale has been ruled out of Wales' World Cup Qualifiers against Georgia and the Republic of Ireland through injury.

The reshuffle happened as the current chairperson of the bank, Arundhati Bhattacharya will step down from the post on October 6. Bhattacharya has been widely noted for driving deep-rooted cultural and process changes at SBI, particularly relating to technology and the spread of digital platforms. The second and third largest banks in the country have assets of Rs 7-8 lakh crore. The interview was conducted by the Banks Board Bureau.

Before becoming MD, national banking group, in 2015, Kumar was heading the merchant banking arm of the bank, SBI Capital Markets, as managing director and CEO. Bhattacharya's greatest challenge probably remained tackling the NPA problem, which has plagued most state-owned banks and some private banks. Also, a lot will depend on the next chairman, who will not only have to take forward numerous initiatives of Bhattacharya but also match steps with payments banks, small banks and new-generation private sector banks.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.