Rajnish Kumar to succeed Arundhati Bhattacharya as SBI chairman

Arundhati Bhattacharya

- Arundhati Bhattacharya is due to step down on October 6 as chairwoman of State Bank of India, the country's largest lender by assets. Rajnish will replace Arundhati Bhattacharya this week.

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

The term of the of the former chairman was coming to an end this week and Kumar was named as a "front runner" to be the next chairman.

The Centre has appointed Rajnish Kumar to head State Bank of India, the country's biggest bank. Bombay Stock Exchange has sought clarification from the bank on the same.

Kumar had joined the SBI in 1980 as a probationary officer and subsequently served in multiple departments.

Rajnish Kumar has been appointed as the next chairman of State Bank of India, PTI reported on Wednesday. Before that he was managing director and CEO of merchant banking arm SBI Capital Markets, the ET report said.

The Banks Board Bureau had singled out four top contenders from among the managing directors.

Related News:



Most liked

Prince Harry and Meghan Markle Are Reportedly 'as Good as Engaged'
Markle's lack of engagement ring was not a surprise too because both reportedly want to keep their engagement private. E! also reports that Prince Harry is apparently very close now with Markle's mom, Doria, as well as her inner circle.

Aamir Khan to meet Turkish fans
According to a leading sports website, on the show Kohli opened up about his relationship with Anushka Sharma . The actor also said that " Secret Superstar " is "much bigger" than his record-smashing movie " Dangal ".

Amazon Great Indian Festival: Top deals on wearables, smartphones, laptops and more
The subscription gives Amazon customers eligibility for special discounts , early access to sales and free delivery and so on. Amazon started its Great Indian Festival sale on Wednesday and this means rival Flipkart's sale must be around the corner.

New Rs 100 notes are coming this April 2018?
Not only new Rs 100 banknotes will be distrubuted in India, but also soon this currency will be launched into a coin pattern too. The printing for new Rs 100 note would begin once the bank finishes the whole exercise of putting Rs 200 notes into the system.

MA mom and music fan among 59 killed in Vegas
It was over the phone she found out that her daughter had been killed and the pain that has accompanied the news hasn't subsided. All I can do is turn to God's Word for comfort, just as she would want me to.

Alternative Travel Plans Advised During Tube Strike
Mr Brennan said he was "pleased" the strike could be called off, following a meeting chaired by the conciliation service Acas. None of us want to be in this position and any potential action will cause unnecessary disruption for the customers we serve.

Iraqi ex-president and Kurdish leader Talabani dies at 83
Iraqi Kurdistan has the foundations of a free Kurdish state, even if its independence will cause dissolution of a free Iraq. I came to admire and know Talabani as a younger reporter covering the Iraqi opposition in the years before the Iraq War.

Tesco first half profits surge but sales growth stutters
The results come as Tesco is awaiting the results of an in-depth competition probe into its proposed £3.7bn takeover of wholesale giant Booker.

Police believe Las Vegas shooter planned to attack another music festival
The motives of the multimillionaire retired accountant, who was not known to be suffering from mental illness, are unknown. A spokesperson for the Ogden hotel stated that they are "not in a position to confirm or deny anything about Mr.

Kasich Says He Can't Support GOP If Party 'Can't Be Fixed'
When asked if Moore represents the future of the GOP, Kasich didn't mince words: "I hope not". "But have I given up?" He added, "And I have a right to define it, but I'm not going to support people who are dividers".

Pro-abortion group says congressman a hypocrite
It says Murphy "demonstrated the height of hypocrisy" Tuesday by voting to ban abortion after 20 weeks of pregnancy. According to the newspaper's report, a text message sent in response from Mr.

Jag sets new 'fastest towed speed on skis' record
Bell was towed along behind the Jag at an average top speed of 117 miles per hour to set the break the former world record. It was -28C during the run, it must have been really cold to be on the outside of a vehicle at that speed.

Markets register strong gains, Sensex jumps above 200 points
The BSE Mid-cap Index is trading up 0.58% at 15,645, while BSE Small-cap Index is trading up 0.59% at 16,288 level. The deadliest mass shooting in the U.S. history in Las Vegas, however, brought in a sense of caution, traders said.

Details of the upcoming Android One HTC U11 Life revealed
Edge Sense technology is basically HTC's squeezable edges which can be customized to perform different actions in different apps. The phone is all set to come out with a 5.2 inched display which will feature a 1080p resolution.

Iraq parliament votes to halt transactions with Kurdistan
The Baghdad government, Iran and Turkey all strongly opposed the referendum. The Iraqi dinar is not accepted outside the country.