Rajnish Kumar named new SBI Chairman

The government on Wednesday named Rajnish Kumar as Chairman of the State Bank of India (SBI).

Kumar, currently a Managing Director of SBI, will succeed Arundhati Bhattacharya whose extended term ends on October 6.

"It is indeed an honour to be entrusted with the leadership of SBI at a time when India is best poised for growth," Kumar said on his elevation.

He said he looked forward to serving the bank to the best of his abilities along with the support of his colleagues.

--IANS

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