Rajnish Kumar (banker)

Rajnish Kumar is an Indian banker. He held the position of Chairman of the State Bank of India.[1][2]

Rajnish Kumar
25th Chairperson of State Bank of India
In office
7 October 2017 – 6 October 2020
Preceded byArundhati Bhattacharya
Succeeded byDinesh Kumar Khara
Personal details
Born (1958-01-14) 14 January 1958
SpouseMrs. Rita Agrawal
Residence(s)Mumbai, India

Leading credit card company Mastercard announced on Thursday, September 14, that it has appointed Rajnish Kumar, former Chairman of the State Bank of India (SBI), as the Chairman of Mastercard India.[3]

He joined SBI as a Probationary officer in 1980. He has served as Managing Director (National Banking Group), a position he was given on 2 November 2015 and the Managing Director (Compliance & Risk) of SBI. He also cracked the Certified Associate of Indian Institute of Bankers of Indian Institute of Banking and Finance. The senior bank official previously also headed the SBI Capital Markets Limited (the Merchant Banking arm of State Bank of India) as Managing Director and Chief Executive Officer, prior to becoming Managing Director in SBI[4]

Rajnish Kumar concluded his three-year term as the Chairman of SBI in October 2020, leaving behind a legacy of banking excellence. [5]

Competence

O. P. Bhatt lauded Kumar's experience in the corporate banking and international banking divisions of State Bank of India. Laying out his agenda Rajnish Kumar said,

NPA management has been one of the biggest agendas being pursued by Mrs Bhattacharya. We will continue that agenda. The bank is already in the midst of a digital transformation, which in itself is a big change. The market is also very competitive and we will have to be on our toes in this matter.[6]

References

  1. "Rajnish Kumar to replace Arundhati Bhattacharya as SBI chief next week". The Economic Times. 4 October 2017. Retrieved 5 October 2017.
  2. "Rajnish Kumar appointed SBI Chairman for three years". The Financial Express. 4 October 2017. Retrieved 9 October 2017.
  3. Livemint (14 September 2023). "Former SBI Chief Rajnish Kumar appointed Chairman of Mastercard India". mint. Retrieved 20 September 2023.
  4. "Shri Rajnish Kumar | SBI GENERAL". www.sbigeneral.in. Retrieved 9 October 2017.
  5. Arora, Sumit (15 September 2023). "Former SBI Chief Rajnish Kumar appointed Chairman of Mastercard India". adda247. Retrieved 20 September 2023.
  6. Bad Debt Clean-Up Will Remain Priority, Says Next SBI Chief


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