Payments banks a flawed business model, needs relook: former SBI chairman Rajnish Kumar

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Rajnish Kumar, former chairman of public lender State Bank of India (SBI); Illustration by Manali Ghosh

Synopsis

In a candid conversation with ET Prime, the veteran banker who is on the boards of nearly a dozen companies talks about the role of independent directors and advisors in emerging companies, the future of payments banks, and more.

Former State Bank of India (SBI) chairman Rajnish Kumar seems to have traded in his retirement chair for a whirlwind tour of corporate boardrooms. From advising banking behemoths to mentoring startups such as BharatPe and Byju’s, Kumar’s post-career journey has been quite eventful. Late last year, he was roped in by Mastercard India in a non-executive advisory role in which Kumar will guide the company in navigating the domestic payments

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Payments banks a flawed business model, needs relook: former SBI chairman Rajnish Kumar


Rajnish Kumar, former chairman of public lender State Bank of India (SBI); Illustration by Manali Ghosh

Synopsis

In a candid conversation with ET Prime, the veteran banker who is on the boards of nearly a dozen companies talks about the role of independent directors and advisors in emerging companies, the future of payments banks, and more.

Former State Bank of India (SBI) chairman Rajnish Kumar seems to have traded in his retirement chair for a whirlwind tour of corporate boardrooms. From advising banking behemoths to mentoring startups such as BharatPe and Byju’s, Kumar’s post-career journey has been quite eventful. Late last year, he was roped in by Mastercard India in a non-executive advisory role in which Kumar will guide the company in navigating the domestic payments

  • FONT SIZE
  • SAVE
  • PRINT
  • COMMENT

New Feature
Refer & Earn

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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