Rajnish Kumar appointed as fourth MD of SBI

sbiState Bank of India (SBI) said the government has appointed Rajnish Kumar as the fourth Managing Director.

Kumar will look after the newly created compliance and risk department. Prior to this, he was Managing director and CEO of SBI Capital Market (SBI Caps).

“For the first time, compliance and risk department has been created by the bank. My focus will be on technology upgradation and skill development,” Kumar said.

The other three serving MDs at SBI are Pradeep Kumar (Corporate Banking Group), VG Kannan (Associates and Subsidiaries) and B Sriram (National Banking Group).

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