BharatPe appoints former SBI chairman Rajnish Kumar as its chairman

BharatPe appoints former SBI chairman Rajnish Kumar as its chairman

New Delhi: BharatPe has appointed former SBI Chairman Rajnish Kumar as chairman of the board, the fintech startup said on Tuesday.

In his role as BharatPe chairman, Kumar will be involved in formulating the firm’s short-term and long-term strategy, as well as work closely with the board and executives on regulatory matters. He will also advise and counsel the management on corporate governance.

“We look forward to invaluable guidance from Rajnish Kumar as we build India’s largest digital credit provider,” Ashneer Grover, cofounder and managing director of BharatPe, said in a statement. “We are confident that under his able guidance, BharatPe will attain newer heights and build the best-in-class fintech for the New India.”

Kumar became SBI chairman in October 2017 and attained superannuation in October 2020. He is currently an independent non-executive director at HSBC Bank Asia and L&T Infotech Ltd.

“In just three years, BharatPe has come a long way in becoming a trusted name in the financial services industry,” Kumar said. “This company has a huge opportunity ahead and it would be great to work closely with its young and talented team to build financial services for the India of tomorrow.”


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