New Delhi: Rajnish Kumar on Saturday took charge as the new chairman of State Bank of India (SBI) for three years, following the retirement of Arundhati Bhattacharya.
State Bank’s first woman chairman Arundhati Bhattacharya retired on Friday, “40 years, one month and two days” after joining the country’s largest lender as a probationary officer.
On October 7, 2013 Bhattacharya became the first woman chairman of SBI.
Rajnish Kumar, who had joined the SBI board on May 26, 2015, looked after retail banking and latest initiatives in payments and digital banking. Prior to that, he headed SBI Capital Markets — the merchant banking arm of SBI — as MD & CEO. Having joined the bank as a probationary officer in 1980, Kumar has spent close to four decades at SBI.