LEADERSHIP

Shri Rajnish Kumar has assumed the office as Chairman State Bank of India on 7^th October, 2017. Previously, Shri Rajnish Kumar was the Managing Director (National Banking Group) looking after retail banking and latest initiatives in payments and digital banking since November 2015.

Prior to becoming Managing Director in SBI, Shri Rajnish Kumar was heading SBI Capital Markets Limited (the Merchant Banking arm of State Bank of India) as Managing Director & Chief Executive Officer.

Shri Rajnish Kumar has been with the State Bank of India for over three decades, having joined the Bank as a Probationary Officer in 1980. An M.Sc. in Physics, apart from CAIIB, Shri Kumar has held several key assignments across various business verticals, including two overseas assignments in Canada and U.K. He has vast experience in handling large credit, project finance, foreign exchange and retail banking. Shri Kumar has held such important positions as Regional Head, SBI(UK); Chief General Manager, North East Circle, Chief General Manager, Project Finance and Managing Director (Risk & Compliance). Shri Kumar is an avid traveller and has visited several countries. He loves sports and is a good player of badminton.

Mr. Dinesh Kumar Khara, 56 did his Masters in Business Administration from FMS New Delhi and is a post-graduate in Commerce. He is also a Certified Associate of Indian Institute of Bankers (CAIIB). Mr. Khara joined SBI as Probationary Officer in 1984 and has over 33 years of experience in all facets of Commercial banking such as Retail Credit, SME/Corporate Credit, deposit mobilization, international banking operations, branch management, etc.

Mr. Dinesh Kumar Khara successfully accomplished a major feat of merging SBI with its five Associate Banks and Bhartiya Mahila Bank. With this feat State Bank of India has joined the league of top 50 banks globally. Prior to being appointed as Managing Director of State Bank of India, Mr. Khara was the MD&CEO of SBI Funds Management Pvt. Limited (SBIMF). Under his leadership the Company leaped one position up and became the 5^th largest Mutual Fund in India with total AUM of about Rs. 1,30,000 crore by improving its market share to 8.8% from 7%. As Chief General Manager - Bhopal Circle, State Bank of India, he was responsible for managing around 1400 branches and handling deposits and advances portfolio of approx. Rs 1.51 lac crores. During his tenure the Bank increased market share in its area of operation and also improved profitability of key businesses by formulating and implementing strategies for effective delivery of products and services with a clear focus on maximizing profits. As GM in Associates and Subsidiaries department of SBI Corporate Centre, Mr Khara worked closely with the operational and strategy issues of various Non-banking subsidiaries of SBI.

He has worked in Bank’s Chicago office and was associated with the overseas acquisition of Indian Ocean International Bank Mauritius (now SBI Mauritius) during his stint in Overseas Expansion wing of International Banking Group.