Page 2 - Rajnish Kumar

Former State Bank of India chief Rajnish Kumar joins BharatPe as chairman

He will be involved in defining the company's short-term and long-term strategies, and will so work closely with the other Board Members and CXOs

Andhra appoints former SBI chief Rajnish Kumar as economic advisor

A former SBI chairman, Rajnish Kumar's tenure in the cabinet rank position is for two years.

HSBC Asia appoints ex-SBI chief Rajnish Kumar as an independent director

Rajnish Kumar retired in October 2020 after a 40-year career at SBI

The best is yet to come for Indian banking: Rajnish Kumar, Aditya Puri

We need both large banks and small niche players, so that all the needs of the economy can be served, says Rajnish Kumar, former SBI chairman

Equity raise, qualitative growth, likely challenges for incumbent SBI chief

SBI's share of loans under moratorium was the lowest among PSBs at 10 per cent; clearer picture on asset quality likely by December

SBI is future-ready and in Dinesh Khara's safe hands: Rajnish Kumar

Kumar's last day in office was on October 6. He had been in the bank as chairman for three years and served it in various capacities for almost 40 years

SBI grew in size and stature under the leadership of Rajnish Kumar

Notably, since September 2017, gross net non-performing assets (NPAs) have fallen from Rs 1.86 trillion to Rs 1.3 trillion at the end of June 2020.

We can quickly come back to pre-Covid levels, says SBI's Rajnish Kumar

The morale of the staff and courage shown by those working in SBI have not been allowed to go down, said Kumar

SBI looking to hive off Yono into separate subsidiary, says Rajnish Kumar

He said once Yono becomes an independent entity then even SBI would become its user or one of the users.

SBI chairman Rajnish Kumar's YONO app target isn't overblown: Experts

Globally, payment solution providers such as Visa, MasterCard and PayPal are displacing traditional banks in the pecking order

SBI to turn YONO platform into financial services platform: Rajnish Kumar

The subsidiary will get its revenues streams by providing services to financial sector players, says lender

Shift towards digital banking is going to be permanent: SBI Chairman

However, physical branches will remain as visibility helps, he added

Step up infra investment to spur demand, revive economy: SBI chief

Says banks not risk averse, they are being prudent

SBI open to global partnership for resolution of stressed assets: Chairman

According to rating agency ICRA, the total quantum of the debt which can get restructured will be between Rs 6 trillion and Rs 10 trillion

YONO biggest start-up by a legacy bank, worth over $40 bn: SBI chairman

Within three years of its launch, YONO, the digital banking platform of the country's largest lender SBI, has a valuation of over USD 40 billion, the bank's chairman Rajnish Kumar said on Wednesday. The bank is also working on creating a business-to-business (B2B) platform for bill receivables, called 'Bharat Draft', which will have all the MSMEs registered, he said. SBI had launched the YONO platform in November 2017 to help its customers' banking, investment and shopping needs. Speaking at an event organized by ETBFSI.com, Kumar said YONO, which is an acronym for You Only Need One, is a profitable platform and rued that no one gets to know its valuation because it sits within the bank. "Only thing is that because it is sitting in the bank, it does not get reflected in the valuations. If it was sitting outside banks, my valuation would bemay be USD 40-50 billion for YONO given the valuations which the start-ups get," he said. Kumar, whose three-year term as the chairman comes to

Operational strength, subsidiaries to drive State Bank of India's re-rating

Annual operating profit of Rs 60,000 crore good enough to absorb any increase in provisioning, while high growth potential subsidiaries to drive valuations

Unlock BFSI 2.0: Rajnish Kumar, Aditya Puri on their success mantra, more

Puri, who counts JP Morgan CEO Jamie Dimon as one of his inspirations, says the biggest challenge of his career was to scale up HDFC bank

SBI's Kumar, HDFC's Puri speak on their careers, legacies, motivations

The two titans of Indian banking also spoke about what it takes to succeed in the highly competitive and byzantine financial services sector

Banks Board Bureau to interview four SBI MDs for Chairman post on Aug 28

The three-year term of current SBI Chairman Rajnish Kumar will come to an end on October 7

Unlock BFSI 2.0: SBI chief hopes for lesser corporate debt recast requests

Kumar said banks would look at all requests for restructuring on a case-to-case basis and will act according to whatever is permitted by regulation