Rajnish Kumar, the former chairman of India's largest lender - State Bank of India (SBI), has been appointed as an advisor to the Andhra Pradesh government. In this role, Kumar will act as an economic advisor to the state government.
When contacted, Kumar told Moneycontrol that the role included helping the state government get private investments.
"It's an advisory position. They need financial expertise in attracting investment into the State," said Kumar.
Also Read: HSBC Asia appoints Rajnish Kumar as independent director
After his retirement from SBI, Kumar took up assignments including as an exclusive advisor to Kotak's Special Situation Fund and as an independent non-executive director at HSBC.
Kumar said there was no conflict of interest in his roles associated with private organisations even after taking up the state government assignment and he will continue with all positions.
"There is no conflict of interest with anyone. I will continue with all my engagements," said Kumar.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
