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Kumar is at present one of the four managing directors at SBI, looking after the National Banking Group Current Affairs News   :  Rajnish Kumar  become  on Wednesday named  the new  chairman of  country bank  of India (SBI), the  country ’s  biggest  lender. He  would  take over from  modern-day  Chairman Arundhati Bhattacharya, who will complet e  her  4 – yr   time period  on Friday. Rajnish Kumar , 59, is at introduce one of the four overseeing chiefs at SBI, caring for the National Banking Group — which covers the retail, SME and horticulture business verticals. He had joined the bank in 1980. The Appointments Committee of the Cabinet affirmed his arrangement as the SBI director for a time of three years from the date of assuming control over the charge on or after October 7, a request issued by the Department of Personnel and Training (DoPT) said. Handling the issue of p...

India cuts RBI governor shortlist to four, officials say By Douglas Busvine and Rupam Jain NEW   DELHI   (Reuters) - The government has narrowed down its list of candidates to become the next   governor   of the Reserve Bank of   India   to four, a senior government official told Reuters. A new Monetary Policy Committee also will be chosen soon, the official said. The moves seek to ensure policy continuity after   RBI   chief Raghuram Rajan shocked markets 10 days ago when he announced he would not seek reappointment in September. The failure of negotiations on his possible return had sparked fears that Rajan's departure could put at risk the inflation-targeting central banker's gains in stabilising Asia's third-largest economy over the past three years. Sending a reassuring message to markets, the official said that the list of candidates to replace Rajan had been whittled down to four - three of them central bank veterans, with t...