Anecdotal, but provocative, memory on India’s banking system
New Delhi, October 9 (IANS) This is a much anticipated account of some of the critical periods in the history of India’s financial sector by one of the country’s most talented and established banking professionals, Rajnish Kumar, former chairman of State Bank of India (SBI), India’s largest commercial bank.
“The Custodian of Trust” (Penguin) is the story of Rajnish Kumar’s incredible journey as a banker. Beginning as a writer with his memoir, Kumar shares his stories – from probation officer at SBI to becoming its chairman in 2017 – capturing the many changes he has witnessed in India’s banking industry during his career. Tell about their experiences on the consequences of demonetization; challenges in YES Bank; the crisis of Jet Airways and NPAs, this book is anecdotal, engaging and thought-provoking, and will appeal to a wide range of readers.
“I am very happy to share my 40 year journey with the State Bank of India and to offer some insight into my personal life,” said Rajnish Kumar.
“SBI is seen as a proxy for the Indian economy. In this sense, the book is also an account of the tremendous progress made by the country as well as the banking and financial system over the past four decades. poverty has been the biggest challenge and the banks have played a vital role in the fight against poverty. There are many new and unknown stories in the book, which I am sure the readers will find interesting and inspiring “, he added.
Even before its official launch, “The Custodian of Trust” received generous accolades and support from the pillars of India Inc. and the banking industry. Ratan Tata, President Emeritus of Tata Sons, noted that “this book is not just about our country’s banking system, but a chronicle of contemporary economic history.” Uday Kotak, CEO of Kotak Mahindra Bank, said of the book: “It has the potential to be a Bollywood blockbuster. ”
Premanka Goswami, Editor-in-Chief of Penguin Random House India, said: “Rajnish Kumar took on the responsibility of running the country’s largest commercial bank at a critical time when India’s financial sector was going through a crisis. these days. We at Penguin House Random House India are delighted to publish Kumar’s memoir. ”
Rajnish Kumar joined SBI as a probation officer in 1980. He has served the bank in various capacities across the country and abroad. Prior to his appointment as Chairman, he was Managing Director (National Bank Group) of the bank overseeing the retail and digital banking activities. He has served as Chairman of the Association of Indian Banks and served on the boards of many other companies while serving SBI.
He is currently a director of the boards of HSBC Asia Pacific, L&T Infotech Ltd and Lighthouse Communities Foundation. He is also exclusive advisor to Kotak Investment Advisors Ltd and senior advisor to Baring Private Equity Asia Pvt Ltd.
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