trending Market Intelligence /marketintelligence/en/news-insights/trending/eRTrdqSsKHcidQuv5--_Ow2 content esgSubNav
In This List

State Bank of India names managing director as new chairman

Blog

Spotlight on sustainability: How banks can overcome the challenges of achieving net-zero emissions by 2050

Blog

Insight Weekly: US election scenarios; borrowing costs rise; commercial REIT fears

Podcast

Street Talk | Episode 100 - KBW CEO offers optimism for bears fearful of bank liquidity, credit

Blog

Insight Weekly: Stocks endure more pain; bank branch M&A slows; debt ratios fall


State Bank of India names managing director as new chairman

State Bank of India said Rajnish Kumar was appointed as the lender's new chairman by the Indian government.

The bank said Oct. 4 that Kumar will have a tenure of three years from the date of his takeover on or after Oct. 10, or until further orders.

He replaces Arundhati Bhattacharya, who will step down as chairman Oct. 6, after completing her one-year extended term as chairman, the Press Trust of India reported.

Kumar was appointed as a managing director of the bank in 2015. He was previously named as being among the managing directors in the race for the chairman post.