Economy

Rajnish Kumar Appointed New Chairman Of State Bank Of India (SBI)

Rajnish Kumar Appointed New Chairman Of State Bank Of India (SBI)”

Arundhati Bhattacharya's four years atop the country's largest lender have seen bad debt rise and the shares underperform. Mr Kumar has been with the SBI for over three decades, having joined the bank as a Probationary Officer in 1980.

Mumbai: Rajnish Kumar, managing director at the State Bank of India, has been named as new chairman of State Bank of India.

Last year, the government had extended Ms Bhattacharya's tenure for a year.

No official statement has been made by the state-run bank. Outgoing chief Arundhati Bhattacharya's term ends on Friday.

The Banks Board Bureau had singled out four top contenders from among the managing directors. Kumar also headed the merchant banking arm of the bank, SBI Capital Markets. Management reforms in public sector banks were initiated the same year and the post of chairman and managing directorcum-CEO was split except for SBI. She got one-year extension in October 2016 as SBI was to merge its associate banks and Bharatiya Mahila Bank with itself.



Like this

loading...
loading...

Latest


04 October 2017
Indian soldiers killed in 'retaliatory firing' across LoC says Pakistan
Tensions between the rival neighbors continue to intensify over the restive province and its contested border. Indian Army retaliated with full force to the Pakistan's misadventure.

04 October 2017
Called the true cause of the death of Hugh Hefner
In the meantime, we will find him in Blade Runner, 2049 , of the great Denis Villeneuve, the 4th of October. According to press reports, the founder of PlayBoy magazine, died from cardiac arrest .

04 October 2017
Shopify Rolls Out Instagram Shopping Ahead Of Holiday Season
With this expanded rollout, Shopify will continue testing and tweaking the feature before issuing a wide release. Instagram is incredibly influential in product purchases, and shoppable posts should help merchants capitalize.

04 October 2017
Another Woman Alleges Roman Polanski Raped Her As a Teenager
Ms Langer later accepted a small role in Mr Polanski's film 'Che?' and was again raped by the director in Rome. She said: "My mother would have had a heart attack".

04 October 2017
Vijay Mallya Arrested In UK In Money Laundering Case, Gets Bail
The defence agreed to review the evidence and will prepare its response before the actual extradition hearing on December 04. The extradition request was sent to the United Kingdom for their consideration under bilateral extradition treaty.

04 October 2017
Former Iraq president, Kurdish leader Talabani dies
Former Iraq President Jalal Talabani at a press conference on March 2, 2008, in Baghdad, Iraq. Talbani's death was also reported by Iraqi state television and by Kurdish broadcaster Rudaw.

04 October 2017
Interviews with Colorado suspect inconclusive in Delphi murders
Police have still not released any information as to why Nations might have been connected the Delphi investigation. State police say those detectives returned Monday to IN and are reviewing information they gathered IN Colorado.

04 October 2017
MALEFICENT 2 Is Still Coming And Now Might Have A Director
It is unknown where this film will pick up following the first movie, which was based on the fairy tale " Sleeping Beauty ". While an official release date has not been announced, it's expected that Maleficent 2 will hit theaters sometime in 2019.

04 October 2017
Shane McMahon makes slight rule change for Sunday's Hell in a Cell
Even as Shane tried to fight back and recover, Owens proved far too powerful for him to shun any attempts of drawing equality. During Shane McMahon's promo to cap off SmackDown Live he inserted an interesting piece of information.

04 October 2017
Apple update fixes iPhone 8 crackle issues
Fixes an issue where crackling sounds may occur during calls for a small number of iPhone 8 and iPhone 8 Plus devices. Alternately users can plug in their device to a Mac or iTunes on Windows and download the update via the program.