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


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
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
Fight to the death: Indonesian man saves pedestrians from giant snake
Some of Robert's friends then took him to the hospital, while others remained and killed the poor snake . Several days later, police said they had investigated the incident and claim they have the full story.

04 October 2017
MF Rank in Focus For Chicago Bridge & Iron Company NV (NYSE:CBI)
Since March 31, 2017, it had 0 insider buys, and 1 sale for $26,482 activity. (NYSE:CR) shares were sold by Baron Curtis A JR . Sg Cap Ltd Liability Company holds 0.85% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 242,022 shares.

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
No impact of Aircel merger cancellation on RCom's rating: Moody's
Following the downtrend in the stock, the market capitalisation of the company fell by Rs 523 crore to Rs 4,256.16 crore. On Sunday, RCom said both companies agreed to cancel the deal, which was slated to be completed this year.

04 October 2017
RAF fighter jets scrambled to escort Ryanair plane into Stansted
Emergency services including multiple fire engines, ambulances and police cars were seen heading to meet the plane when it landed. Meanwhile, Essex police said they were at the scene "following reports of a security alert", and enquiries are ongoing.

04 October 2017
IRS awards multimillion-dollar fraud-prevention contract to … Equifax
Equifax is also facing a number of state and federal probes related to the hack. Neither the IRS nor Equifax immediately responded to a request for comment.

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.