Rajnish Kumar will be new SBI chairman

Rajnish Kumar Appointed New Chairman Of State Bank Of India

Three other managing directors of SBI - Dinesh Kumar Khar, B Sriram and PK Gupta - were also interviewed for the top job. As per his profile on SBI General Insurance website, Rajnish Kumar has served as Managing Director (National Banking Group), a position he was given on 2nd November, 2015.

"It is indeed an honour to be entrusted with the leadership of SBI at a time when India is best poised for growth", Kumar said on his new responsibility.

Arundhati Bhattacharya was appointed as the first woman chairman of SBI in 2013.

"Quick in decision making and a reasonable risk-taker" is how a senior State Bank of India (SBI) official described Rajnish Kumar, who will occupy the corner office at India's largest bank later this week.

He now, holds the post of managing director of SBI, he started out as a probationary officer with the organisation and has performed different roles before being appointed to the top spot. Her original three-year term was up last year, but she was given an extension for a year to resolve the nonperforming loan issue and oversee the merger of the associate banks. Her tenure was extended in October, 2016. He had started his career in SBI as probationary officer in 1980. Currently, Rajinsh Kumar holds the post of Managing Director at SBI.

The name of Kumar, who is now serving as Managing Director of the country's largest public sector bank, was approved by the Appointments Committee of the Cabinet. She has worked in foreign exchange, treasury, retail operations, human resources and investment banking.

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