How Rajnish Kumar landed a job at Kotak within 4 months of retiring as SBI chief

Government rules prohibit retired PSU bank chairmen from joining other companies within a year of retirement.

'Bad bank' idea finds more takers amid pandemic blues

Time may be ripe to create a ‘bad bank’ as the net book value of NPAs have fallen sharply and another round of bad loan shock is round the corner in the backdrop of Covid-19, say experts

EXCLUSIVE: SBI needs to be watchful about corporate NPAs, COVID-19 impact, says Rajnish Kumar

Outgoing SBI chairman says without the State Bank, the implications of the Yes Bank saga could have been serious to the stability of the banking system in the country. Corporate NPAs, he says, are what causes the biggest problem.

Rajnish Kumar hangs up his boots as SBI Chairman; cutting down bank’s gross NPA, Yes Bank bailout major achievements

Rajnish Kumar worked at SBI for 40 years, after joining as a Probationary Officer in 1980. As he hands over the baton to his successor, SBI is in a much stabler position, financially. However, unseen shocks from COVID-19 can escalate bad loans. But as Kumar says: “A leader is only as good as his team. I always believe that a good team is essential to make things happen. Fortunately, SBI has no dearth of talent.”

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

Yono or You Only Need One App is the lender’s integrated banking platform.

SBI's Rajnish Kumar says not much demand yet for loan restructuring

SBI had on September 21 released two sets of FAQs on its resolution framework for stressed loans during the COVID-19 pandemic.

Banks not risk averse, they are being prudent: SBI Chief Rajnish Kumar

In such circumstances, there is a need to create more businesses and entrepreneurs who have the capability to invest in operations and borrow, he noted.

YONO biggest start-up by a legacy bank, worth over $40 billion: SBI Chief Rajnish Kumar

SBI had launched the YONO platform in November 2017 to help its customers' banking, investment and shopping needs.

Like a Boss: SBI’s Rajnish Kumar on his morning schedule, the business leader he admires and why tough decisions are best taken by one person

The chairman of India’s largest bank reveals his management style, his advice to younger banker and why management books don’t interest him

Banks Board Bureau to interview candidates for SBI Chairman post on August 28

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

Internal hiring: Three Managing Directors in the race for top job at SBI

The interview to select the new chairman will likely take place this month. The contenders are Dinesh Kumar Khara, Arijit Basu and C S Shetty

SBI Chairman Rajnish Kumar says Rs 10,000 crore Fund of Funds for MSMEs to be operational soon

The objective of the Rs 10,000 crore Fund of Funds scheme is to help MSMEs with growth potential during a time when they are facing a severe shortage of equity and low revenues.

Rajnish Kumar likely to get extension as SBI Chief, called for interview: Report

The State Bank of India interview will be conducted online on August 18 or 19 and those under consideration besides Rajnish Kumar include the bank’s three managing directors.

Weekly Tactical Pick – SBI

SBI’s current valuation is pricing in most concerns and assigning a huge discount for it being a public sector entity

Rajnish Kumar says government, corporates must work together for quick economic recovery

Investment in infrastructure, in particular, should be stepped up, SBI Chairman Rajnish Kumar said.

What makes SBI the best tactical bet in an overheated market?

While strong financials of SBI help in soothing investors’ nerves in uncertain times, the economic slowdown adds a cloud of uncertainty

An 'asymptomatic' SBI shows confidence in a tepid quarter but COVID can be an unpredictable villain

Will an ‘asymptomatic’ SBI throw up negative surprises a few quarters later? One will have to wait and watch to see how the moratorium loan book is performing post August 31.However, Chairman Rajnish Kumar remains confident on the bank’s prospects

SBI hopes to save Rs 1,000 crore through Work From Anywhere plan roll out

Kumar’s logic was that 'work from anywhere' would reduce commute time, and, hence, ensure better services and better work-life balance.

SBI working on setting up e-commerce portal for MSMEs: Rajnish Kumar 

The portal called Bharat Craft would be jointly run by the bank and the government.

Plenty of liquidity available in the system: SBI chairman Rajnish Kumar

Speaking at a webinar organised by Bharat Chamber of Commerce, Kumar said that both the RBI and the government have taken measures to bring back the economy, derailed by the pandemic, back on track.

Do public sector bank employees deserve better pay?

Private sector banks reward employees based on performance linked compensation models specific to individual institutions. As against this, traditionally, salary of a PSB employee is decided through negotiations between the IBA (Indian Banks Association) and trade unions negotiations once in every five years.

State Bank of India offers up to Rs 1 crore for CFO post; thrice Chairman's annual salary

The CFO post in SBI turned vacant after Prashant Kumar resigned to head Yes Bank.

A PSU banker’s dilemma: Ready to lend, but where are the takers?

It isn’t just SBI Chairman Rajnish Kumar. This view is shared by many officials in sate-run banks who are under pressure to lend to support economic revival but are unable to do so.

Have sufficient capital, difficult to predict defaults on loan portfolio, says SBI Chairman Rajnish Kumar

Speaking about the asset quality, he added "I don't think the situation is going to be worse than what we had in the previous year."

SBI Q4: One-time gain boosts profit, should investors bet on low valuations?