Rajnish Kumar is a distinguished Indian banker, widely recognized for his transformative leadership as the former Chairman of the State Bank of India (SBI), the country's largest lender. With an illustrious career spanning over four decades, primarily with SBI which he joined as a Probationary Officer in 1980, he rose through the ranks to helm the institution from October 2017 to October 2020. During his tenure, he was instrumental in steering SBI through significant technological advancements, including the successful launch and popularization of the YONO (You Only Need One) platform, a comprehensive digital banking solution. He also navigated the bank through challenging economic periods and significant banking sector reforms, including the resolution of major stressed assets. Post his retirement from SBI, Mr. Kumar has taken on several advisory and board roles, including Chairman of the Board at BharatPe, Independent Director at LTIMindtree, and a Non-Executive Director on the board of HSBC Asia Pacific. He is also the author of the book 'The Custodian of Trust – A Banker's Memoir', sharing insights from his extensive career.
Rajnish Kumar's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:
Successfully led India's largest commercial bank and a Fortune 500 company, overseeing its vast operations, strategic direction, and navigating complex economic environments from October 2017 to October 2020.
Championed the development and launch of YONO (You Only Need One), SBI's integrated digital banking platform, which significantly enhanced customer experience and accelerated digital adoption for the bank.
Penned his memoir 'The Custodian of Trust – A Banker's Memoir', published in 2021, offering valuable insights into his journey, the Indian banking landscape, and leadership.
Holds influential positions such as Chairman of the Board at BharatPe, Independent Director at LTIMindtree, and Non-Executive Director at HSBC Asia Pacific, contributing his extensive expertise to these organizations.
Successfully steered SBI through critical periods, including managing the impact of the IL&FS crisis and playing a key role in the Yes Bank rescue plan, showcasing astute crisis management skills.
Served as the Chairman of the Indian Banks' Association, representing the collective interests of the Indian banking industry and facilitating policy dialogues.
Ranchi University - Year 2002
Gossner College
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HDFC Bank Ltd. is India's largest private sector bank by assets and market capitalization as of April 2021. It provides a wide range of banking and financial services including retail banking, wholesale banking, treasury, auto loans, two-wheeler loans, personal loans, loans against property, consumer durable loan, lifestyle loan and credit cards. The bank has a vast network of branches and ATMs across India and is known for its strong customer focus and digital banking initiatives.
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