Rajnish Kumar, head of the State Bank of India and a mountain of bad debts

He is known for his regular practice of badminton, but the task ahead is the responsibility of the mountaineering. Is 59 years old, Rajnish Kumar has been awarded the reins of the State Bank of India (SBI), the largest bank of India. This property is listed on the Bombay stock Exchange, whose capital is at 58 % at the hands of the State, is sitting on a mountain of bad debts. By which side to attack this problem, which leads to the financial statement of the group and its competitors, and that undermines the economy, preventing banks to inject new credits into the workings of a sub-continent who would still need ? This is the challenge. In the first quarter of the fiscal year 2017-2018, which started at the 1st of April, the GDP of india grew by only 5.7 % annual rate, while it caracolait to 9.1 % in early 2016.

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Upon taking office, October 7, Rajnish Kumar said that he was going to take the bull by the horns. “Bad debts are the first of my priorities, I immediately launched an internal reflection so that we soldions the problems of the past,” he explained, promising “rapid changes and visible” within the group and announcing the establishment of a special division.

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