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SBI board wanted letter of support from govt before approving Jet Airways resolution plan: Rajnish Kumar

Updated on 20 October 2021
Richa Pandey
3 min read 0 views
Updated on 20 October 2021

"For me too, this was one of the most challenging cases with even the SBI board being uncomfortable in backing me on this issue, not because I did not enjoy their support or goodwill but because they felt that it posed a huge risk to the reputation of the bank.

"Consequently, they did not want to be party to such a decision without receiving an explicit letter of support from the Department of Financial Services (DFS) or the MoCA (Ministry of Civil Aviation). I had not faced such a diff ..

While Tata Sons Chairman Emeritus Ratan Tata called the book "a chronicle of contemporary economic history", Uday Kotak, CEO of Kotak Mahindra Bank, said the book has the potential to be a "Bollywood blockbuster".

Kumar currently serves as director on the boards of HSBC Asia Pacific, L&T Infotech Ltd and Lighthouse Communities Foundation. Last month, he was appointed as economic advisor by the Andhra Pradesh government for a period of two years. He has been accorded a cabinet rank p ..

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