Rajnish Kumar

Mr Rajnish Kumar was the Chairman of India’s largest lender, State Bank of India, from 7th October 2017 to 6th October 2020.

Previously, Mr Rajnish Kumar was the Managing Director (National Banking Group) looking after Retail Banking and initiatives in Payments and Digital Banking since November 2015.

Prior to becoming Managing Director in SBI, Mr Rajnish Kumar was heading SBI Capital Markets Limited (the Merchant Banking arm of State Bank of India) as Managing Director & Chief Executive Officer.

Mr Kumar has been with SBI for over three decades, having joined the bank as a Probationary Officer in 1980. Since then, he has held various assignments across various business verticals, including two overseas assignments in Canada and the UK. He has vast experience in handling large credit, project finance, forex and retail banking. Mr Kumar has also held important positions in SBI such as Chief General Manager - North East Circle, Chief General Manager - Project Finance, Managing Director & CEO (SBI Capital Markets Ltd.) and MD (National Banking Group). Mr Kumar has also served as VP (Credit) at SBI Toronto (Canada) and Regional Head, SBI (UK), London.

Mr Rajnish Kumar was the Chairman of SBI’s subsidiaries, important ones being, SBI Life Insurance Company Limited, SBI Foundation, SBI Capital Markets Limited, and SBI Cards & Payments Services Limited. He also serves as Director on the boards of various organizations, viz. Export- Import Bank of India, Institute of Banking Personnel Selection, National Institute of Bank Management, Pune, Indian Banks’ Association, Khadi & Village Industries Commission, Indian Institute of Banking & Finance, among others. Mr Kumar is also a member of the Hon’ble Chief Minister’s Advisory Council on Fintech of the Government of Maharashtra.

Born in January 1958, Mr Kumar has done M.Sc. in Physics from Meerut University and is also a Certified Associate of Indian Institute of Bankers (CAIIB). Mr Kumar is an avid traveller and has visited several countries. He is passionate about sports and his favourite sports is badminton.