Mr. Rajnish Kumar is former Chairman of State Bank of India. He completed his 3 years term as Chairman in October 2020. He is credited with steering the Bank successfully through very challenging times. During his tenure, the Bank developed YONO, a digital platform, which has established the Bank as a global leader in adoption of technology and innovation.
Mr. Kumar is a career banker with nearly 4 decades of service with State Bank of India. His expertise in corporate credit and project finance is well recognised. He served the bank in various capacities across the country including in the North-East as Chief General Manager. He successfully managed UK operations of the Bank immediately after the crisis caused by the collapse of Lehman Brothers. Earlier he worked as Vice President (Credit) at Toronto.
Mr. Rajnish Kumar was also 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 served as Director on the boards of various organisations, 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. Rajnish Kumar is currently serving as an Independent Director on the Boards of many prestigious companies like Hero Motocorp Ltd., Larsen & Toubro Ltd., Mastercard India Services Pvt. Ltd., Ambuja Cements Ltd., Mastercard India etc. He is also Non-Executive Chairman of Resilient Innovations Pvt Ltd. (BharatPe), one of the fastest growing Fintech in the country and Independent Director on the Board of Lighthouse Communities Foundation & Multiples Equity Fund Trustee Pvt Ltd. Mr Kumar is also an advisor with BPEA Equity Pte Ltd. apart from being Chairman, of the Board of Governors, Management Development Institute, Gurugram.
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 sport is badminton.
