Rajnish Kumar takes over as fourth MD of SBI

Country’s largest lender State Bank of India on Tuesday said the government has appointed Rajnish Kumar as the managing director—compliance and risk department. The post was lying vacant since November last year after the then MD A. Krishna Kumar retired. “In my new assignment, I will be looking after a new department—compliance and risk, which has been created for the first time by the bank. My focus will be on technology upgradation and providing skill development,” he said. Prior to this, Kumar was managing director and chief executive officer (CEO) of SBI Capital Market (SBI Caps). The other three serving MDs at SBI are Pradeep Kumar (Corporate Banking Group), B. Sriram (National Banking Group) and V.G. Kannan (Associates and Subsidiaries).