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SBI grew in size and stature under the leadership of Rajnish Kumar

Notably, since September 2017, gross net non-performing assets (NPAs) have fallen from Rs 1.86 trillion to Rs 1.3 trillion at the end of June 2020.

SBI Chairman Rajnish Kumar
SBI Chairman Rajnish Kumar

Amidst the uncertainties and challenges the banking sector and Indian economy experienced, State Bank of India’s (SBI’s) performance under the leadership of Rajnish Kumar is noteworthy. Deposits and advances are up 26-30 per cent since September 2017. Net interest margins are 80 basis point higher than levels when Kumar joined. Operating profit is down though, mainly due to the fluctuating other income that includes treasury income. Notably, since September 2017, gross net non-performing assets (NPAs) have fallen from Rs 1.86 trillion to Rs 1.3 trillion at the end ...