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SBI chairman Rajnish Kumar News
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BBB's recommendation will now be forwarded to the government. The final decision will be taken by the Appointments Committee of the Cabinet, headed by PM Modi
As per convention, the SBI chairman is appointed from a pool of serving MDs at the bank. Interestingly, Khara was among the contenders for the chairman's post in 2017 as well
Khara was appointed as managing director of SBI in August 2016 for a three-year term. He got a two-year extension in 2019 after review of his performance
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Rajnish Kumar said that the corporate sector should not expect much from the government but have to be self-reliant or "atmanirbhar", given the fiscal position of the government.
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The SBI has also waived of SMS charges. This move by the bank will bring significant relief to all the customers of the bank. The bank has also rationalised interest rate on SB Account to a flat 3 per cent p.a. for all buckets.
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Rajnish Kumar informed that it will invest SBI would invest Rs 2450 crore in Yes Bank and own 49 per cent of the restructured bank.
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