Former Chairman, State Bank of India
An accomplished Indian banker, Rajnish Kumar served as Chairman of India’s largest bank – State Bank of India (SBI) for three years until October 2020.
Mr. Kumar joined SBI as a probationary officer in 1980 and held several important positions at the bank over the last four decades, including Managing Director (National Banking Group) and Managing Director (Compliance & Risk). He also headed SBI Capital Markets Limited, the Merchant Banking arm of State Bank of India as Managing Director and Chief Executive Officer, prior to becoming Managing Director in SBI.
During his tenure, SBI started one of its biggest digital initiatives – the YONO mobile app to empower SBI customers digitally. Another important milestone during his tenure as Chairman was SBI’s merger with six other subsidiary banks, through which SBI became a lender of global proportions with an asset base of over US$ 555 billion, 22,500 branches and 58,000 ATMs and over 50 crore customers.