Rajnish Kumar to be new chairman of State Bank Of India (SBI), the country's biggest bank, for three years. He will succeed Arundhati Bhattacharya, who is at present serving her one-year extension, that ends on Friday.
The Appointments Committee of the Cabinet (ACC) appointed Kumar as SBI Chairman for a period of three years.
Kumar, currently a managing director with the bank, joined SBI as a probationary officer in 1980. Kumar has 37-year long career with State Bank Of India.
According to his profile on the SBI webiste, Kumar has a master's degree in physics and listed travelling and playing badminton among his interests.
In 2013, Bhattacharya became the bank's first woman chairman. She was given a one-year extension in October 2016.