Government Names Rajnish Kumar as SBI’s Next Chairman

The Government named Rajnish Kumar as the new chairman of State Bank of India, for a three-year term. Kumar will succeed Arundhati Bhattacharya.

At present, Rajnish Kumar is one of the managing directors of SBI. The Banks Board Bureau (BBB) had interviewed four managing directors for the post at the end of June and had recommended a name to the government. The government had extended Bhattacharya’s tenure for a year, with effect from October 7, 2016.
Important Takeaways from Above News-
  • SBI is headquartered in Mumbai, Maharashtra.
Source- Business Standard

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