Kumar is currently a managing director with the bank. Photograph: (Zee News Network)
He will take over on October 7 and will have a three-year term
Rajnish Kumar is to be the new chairman of State Bank of India.
The Appointments Committee of the Cabinet (ACC) appoints Rajnish Kumar as State Bank of India (SBI) Chairman for a period of three years.— ANI (@ANI) October 4, 2017
Kumar is currently a managing director with the bank.
The announcenment by the government of Kumar's chairmanship was made Wednesday.
Reuters reported the government as saying in a statement that Kumar would assume chairmanship of the bank on October 7.
It added that he would have three-year term.