Rajnish Kumar appointed SBI Chairman for three years

By: |
Updated: October 04, 2017 4:21 PM

Rajnish Kumar on Wednesday was appointed as the new Chairman of the State Bank of India for three years.

SBI, SBI account balance, SBI account check, State Bank of India, ATM, mobileRajnish Kumar appointed SBI Chairman for three years. (PTI)

Rajnish Kumar on Wednesday was appointed as the new Chairman of the State Bank of India for three years, ET Now reported. The current managing director with the bank Rajnish Kumar will take over Arundhati Bhattacharya whose term is ending this week.

Rajnish Kumar was reportedly a frontrunner in the race along with another managing director P K Gupta. In June, the Banks Board Bureau headed by former CAG Vinod Rai interviewed four candidates for the SBI chairman’s post. The four SBI managing directors were interviewed by three sub-committees under the BBB, PTI reported. The SBI’s chairman post now assumes more significance as the bank’s merger with six other entities has taken it into the league of top 50 banks globally in terms of assets.

Outgoing chairman Arundhati Bhattacharya was appointed in 2013 as the bank’s first female chairperson. She got one-year extension in October 2016 as SBI was to merge its associate banks and Bharatiya Mahila Bank with itself.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1PNB’s 20% loan accounts had payment overdue till December ’20
2RBI amends KYC norms to further leverage video-based customer identification process
3Fintechs pick up MDR tab, enjoy merchant’s float