Rajnish Kumar Takes Over as New SBI Chairman

Rajnish Kumar took over as the chairman of the largest public sector bank, the State Bank of India (SBI). He has replaced Arundhati Bhattacharya. She had completed her one-year extended term.

The Appointments Committee of the Cabinet approved Mr. Kumar’s appointment for three years from the date of taking charge on or after October 7. Mr. Kumar, aged 59, joined the SBI board on May 26, 2015. Prior to this appointment, he was Managing Director – Compliance and Risk, and Managing Director and Chief Executive Officer of SBI Capital Markets Limited, the merchant banking arm of the SBI.
Important Takeaways from Above News-
  • SBI headquarters in Mumbai, Maharashtra.
  • It was established on 1 July 1955.
Source- The Hindu

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