News Worms
News Worms


Rajnish Kumar to take charge of SBI; to replace Arundhati Bhattacharya

Rajnish Kumar to take charge of SBI; to replace Arundhati Bhattacharya

He now, holds the post of managing director of SBI, he started out as a probationary officer with the organisation and has performed different roles before being appointed to the top spot.

Rajnish Kumar, current managing editor of the State Bank of India, has been appointed as the new SBI chief for three years. "I look forward to serving the bank to the best of my abilities along with the support of all my colleagues spread across the globe", Kumar said, reacting to his appointment.

Rajnish Kumar will assume charge as SBI chairman on October 7 and have a three-year tenure. Prior to that, he headed SBI Capital Markets, the merchant banking arm of SBI, in the capacity of managing director and CEO. This was probably because, Mr. Kumar who joined the bank in 1980, worked in several areas including retail banking, large and mid corporate, worldwide banking, project finance and merchant banking (as he was the chief executive officer of SBI Caps - the merchant banking arm of SBI) and also was posted in remote areas like in North-East States where he was a chief general manager. Kumar will take over the charge after Arundhati Bhattacharya tenure gets over on 6th October. Rajnish Kumar has also served as the Managing Director (Compliance & Risk) of SBI.

Whereas, Arundhati Bhattacharya joined SBI in September 1977 as probationary officer at the age of 22 years. Currently, Rajinsh Kumar holds the post of Managing Director at SBI. The first woman to head the largest bank in the country, State Bank of India, or SBI, has seamlessly implemented a number of path-breaking changes, which have become a template for public sector banks, which control more than two-third of the country's banking industry in terms of deposits and advances.

follow

editors' picks

October 05, 2017
Motive for Las Vegas gun massacre remains unclear
When asked about the gunman's motive, Sheriff Joseph Lombardo said he could not "get into the mind of a psychopath at this point". Patrick was also caught in Las Vegas after the Federal Bureau of Investigation found his getaway auto at a hotel.

October 05, 2017
Latest scans reveal no ligament damage to striker Romelu Lukaku
Seven of those have come in the Premier League and he has found the net in his last eight consecutive games for club and country. The United hitman is said to have a small chance of playing, with Belgium also in action against Cyprus on Tuesday.

October 04, 2017
French police make arrests after explosives found in chic Paris neighborhood
When asked how someone under surveillance could carry out an attempted attack without being detected, Collomb said radicals usually have " friends, networks that can carry out the act ".

October 04, 2017
How to save mobile data by using Facebook Messenger Lite
On top of offering its data saving services, the app will also help you save on storage space, as it weighs only 10MB. It originally launched in five countries, Kenya, Tunisia, Malaysia, Sri Lanka and Venezuela, in October 2016.

October 04, 2017
French MPs adopt tough anti-terror law
Three suicide bombers targeted the Stade de France during multiple terror attacks in the city in November 2015 killing one person. The state of emergency, the most sweeping anti-terrorism powers in Europe, will expire at the end of October.

October 04, 2017
US Supreme Court divided over key employment dispute
The wedding cake case stems from a Colorado baker's refusal, based on his religious beliefs, to make a cake for a same-sex couple. Perhaps the highest visibility case before the court involves Masterpiece Cakeshop in Lakewood, Colo.

October 04, 2017
Putin Offers New Ambassador Condolences Over Las Vegas Shooting
One of his predecessors, Michael McFaul, left the post under a cloud after just two years in Russian Federation . Huntsman, who also served an ambassadorship under President George H.W.

October 04, 2017
Couple Describe Witnessing Las Vegas Shooting
Gillespie, meanwhile, has the endorsement of the National Rifle Association and has an "A" rating from the group. I'm exhausted of waking up to horrific news like this, and I'm sure you are, too".

October 04, 2017
Three killed as militants attack airport security camp in Indian-controlled Kashmir
He said the operation could have been completed quickly by using aerial weapons but it was avoided because of presence of local population.

October 04, 2017
Tonight's the night for Twins!
The Twins offense played well in September as well, and they're a team we shouldn't take for granted going into the playoffs. The game of baseball revolves around series, around establishing over a number of games, which team is deeper and better.