According to sources State Bank of India’s managing director Rajnish Kumar would be replacing incumbent chairman Arundhati Bhattacharya as the next chairman of the country’s leading public sector Bank. Sources have reported that Kumar would hold the post for the next three years.
Meanwhile in a statement issued on his behalf soon after his appointment, Kumar said that he looked forward to giving his best in his new assignment with the ‘help and cooperation’ of his colleagues at branches of the Bank spread across the world. Currently appointments Committee of Cabinet (ACC) have approved the appointment of Kumar as the next chairman of SBI for three years from Saturday (07th October).
Moreover Kumar has had a long association with the SBI after
joining it as a probationary officer in 1980. After serving in various
Departments, he became the managing director in 2015 by heading the national
banking group. Accordingly Kumar had worked in SBI’s overseas branches in
Canada and in England. He takes over at a time when the banking industry
faces huge challenges.
