Former State Bank of India chief Rajnish Kumar joins BharatPe as chairman

Rajnish Kumar, former chief of State Bank of India, has joined the Board of BharatPe, a fintech firm, as chairman.

He will be involved in defining the company’s short-term and long-term strategies, and will so work closely with the other Board Members and CXOs on key business and regulatory initiatives, BharatPe said in a statement.

BharatPe-Centrum Capital have received an in-principle nod from the Reserve Bank of India to set up a small finance bank which would take over ailing Punjab Maharashtra Bank.  

Rajnish Kumar completed the term as chairman of country's largest lender SBI in October 2020. At present,