Rajnish Kumar: New SBI Chairman
Rajnish Kumar: New SBI Chairman
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As Arundhati Bhattacharya going to retire on 6th of October, Rajnish Kumar is going to succeed her as becoming the 25th chairman of the country's largest lender. Earlier Rajnish  Kumar serving as the senior most of the managing director at the State Bank of India and now will become a chairman of SBI.  In an interview with CBNC TV-18, Rajnish Kumar said that "We are undergoing a major transformation in terms of adoption of new technology and digitisation. So these two things are on the top of my mind.”

Kumar’s predecessor Bhattacharya, who was the first woman chairperson of the 200-year-old state-owned bank, was instrumental in the merger of SBI’s associate banks and Bharatiya Mahila Bank with the SBI. In her tenure, the bank saw the listing of its life insurance subsidiary, the first among public sector banks.

“Asset quality continues to be an unfinished agenda for SBI. The new chairman faces a challenging task of resolving the NPA problem and HR (human resources) related issues pertaining to the merger,” said Alpesh Mehta, deputy head of research at Motilal Oswal Securities Ltd. “While most of the past problematic accounts were recognised during Arundhati’s tenure, systemic issues led to delays in resolutions.”

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