[ad_1]
L & T Infotech has announced that the Board of Directors has approved the appointment of Rajnish Kumar as an Independent Director of the Company for an additional five-year term. It was effective from August 26, 2021 to August 25, 2026.
Rajnish Kumar is the former Chairman of the State Bank of India (‘SBI’). He completed his three-year term as chairman in October 2020. He is believed to have successfully managed the bank over a very difficult time. During his tenure, SBI developed the digital platform YONO. This has established banks as global leaders in the adoption of technology and innovation.
Kumar is a veteran banker who has been servicing SBI for nearly 40 years. His corporate credit and project finance expertise is well known. He worked for banks as CEO in a variety of roles across the country, including the northeast. He successfully managed the UK’s operations of the bank shortly after the crisis caused by the collapse of Lehman Brothers. Prior to that, he worked as Vice President (Credit) in Toronto.
Kumar is also the chairman of SBI’s subsidiaries, and important subsidiaries are SBI Life Insurance Company, SBI Foundation, SBI Capital Markets Limited, and SBI Card & Payment Services Limited. He also served as director of the board of directors of various organizations. Bank of India Import and Export, Banking Personnel Selection Institute, National Bank Administration Institute, Pune, Bank of India Association, Kadi & Village Industry Commission, Bank of India Financial Institute, etc. Kumar was also a member of the Prime Minister’s Advisory Board on FinTech for the Maharashtra Government.
Kumar is currently a board member of the Lighthouse Community Foundation and a member of the board of directors of the Institute for Business Development in Gurgaon. He is also a Senior Advisor to Barings Private Equity Asia Pte Ltd and an Exclusive Advisor to Kotak Investment Advisors Ltd.
At around 12:04 pm, L & T Infotech was trading at Rs 5198.25 per piece, up 1.3% on the Sensex. Shares reached a daytime high of 5215 rupees per piece, close to today’s first 52 weeks high of 5,219.45 rupees per piece.
..
[ad_2]