Rajnish Kumar is the new MD and CEO of SBI Capital Markets. He has been heading the project finance and leasing SBU of State Bank of India as CGM. He takes over from V.G. Kannan, who has been appointed MD and group executive (Associates and Subsidiaries) of SBI. Kumar has been with the State Bank of India for over three decades, having joined the bank as a probationary officer in 1980. An M.Sc. in Physics and CAIIB, he has held several key assignments across various business verticals, including two overseas assignments in Canada and U.K. He has vast experience in handling large credit, project finance, foreign exchange and retail banking.