AP Govt. appoints former SBI Chairperson Rajnish Kumar as an economic advisor

The Andhra Pradesh government has appointed Rajnish Kumar as its economic advisor. A former SBI chairman, Rajnish Kumar’s tenure in the cabinet rank position is for two years. Rajnish Kumar who had retired as SBI chairman in October 2020, is an independent non-executive director at the Hong Kong and Shanghai Banking Corporation. He joined SBI as a Probationary officer in 1980.

The appointment comes amid the growing concerns over the state’s financial situation which has been badly hit by the Covid pandemic, even as the opposition has been critical over the sops and freebies being distributed by the Y.S. Jagan Mohan Reddy-led state government. Rajnish Kumar’s appointment is expected to help the state government steer through the financially tough juncture.