The task before the new SBI boss

The State Bank of India can be taken to the next level by transforming it into a marketplace to meet the financial needs of its corporate clients across the value chain

Topics
State Bank of India chief Rajnish Kumar | sbi | Indian Banks

Tamal Bandyopadhyay  |  New Delhi 

Tamal Bandyopadhyay

Rajnish Kumar moved into the corner room at India’s largest lender on 7 October 2017 with a broom. In the next three quarters, the State Bank of India (SBI) announced losses in a row, some Rs 15,010 crore — unprecedented in its 215-year history.

In his 40-year career, Kumar missed a promotion only once, but that didn’t come in the way of getting the top job. One quality that distinguishes Kumar from many of his peers is his no-frills approach to banking. He doesn’t show off as a great visionary but knows how to clean up the bad-loan mess and move ahead with new ...

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First Published: Sun, October 04 2020. 20:22 IST
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