Former SBI Chairman Rajnish Kumar joins BharatPe board as Chairman

• Rajnish Kumar, former chairman of State Bank of India (SBI), has joined the board of Fintech firm BharatPe as its Chairman.
• Kumar will mentor the BharatPe team during transition into small finance bank.
• BharatPe-Centrum Capital received in-principle approval from the Reserve Bank of India (RBI) to set up a small finance bank, which will take over Punjab Maharashtra Bank.

Served as Chairman of BharatPe

• As the chairman of BharatPe, Rajnish Kumar will advise and advise the management of BharatPe on matters of business performance as well as corporate governance.

Tenure as chairman

• Rajnish Kumar completed his term as the chairman of India’s largest lender SBI in October 2020.
• Presently, he is working as Advisor (Resource Raising) to the Government of Andhra Pradesh.
• He also serves as an Independent Non-Executive Director at HSBC Bank, L&T Infotech and Asia.

Tenure as Managing Director

• Rajnish Kumar has also served as Managing Director of National Banking Group and Managing Director (Compliance & Risk) of State Bank of India.
• He also headed Capital Markets Limited as Managing Director and Chief Executive Officer of State Bank of India.