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The Custodian of Trust

The Custodian of Trust

A Banker's Memoir

Rajnish Kumar
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He was silently managing the crisis in India’s banking sector then.
Now he shares these stories in his memoir.

It began from a modest house in one of the narrowest lanes of the old city of Meerut. From being a probationary officer in the State Bank of India (SBI) in 1980 to its Chairman in 2017, Rajnish Kumar had an amazingly interesting journey in which he saw the many changes in India’s banking sector that greatly impacted the country and its economy.

As the Chairman of SBI, Kumar recounts, his term was rather momentous as the period-from 2017 to 2020-during which he shouldered this responsibility was rather unique under any circumstances. The Indian banking sector was going through one of its most tumultuous phases. The problem of non-performing loans (NPLs) had severely impacted the balance sheet and profitability of banks, especially those in the public sector.

In the aftermath of demonetization, the YES Bank fiasco, the crisis in Jet Airways and NPLs, among others, The Custodian of Trust is a candid memoir by the former Chairman of India’s largest commercial bank. Anecdotal, engaging and evocative, this book is an unputdownable memoir of a former banker.

Imprint: India Viking

Published: Oct/2021

ISBN: 9780670095773 (Hardback)

Length : 288 Pages

MRP : ₹699.00

The Custodian of Trust

A Banker's Memoir

Rajnish Kumar

He was silently managing the crisis in India’s banking sector then.
Now he shares these stories in his memoir.

It began from a modest house in one of the narrowest lanes of the old city of Meerut. From being a probationary officer in the State Bank of India (SBI) in 1980 to its Chairman in 2017, Rajnish Kumar had an amazingly interesting journey in which he saw the many changes in India’s banking sector that greatly impacted the country and its economy.

As the Chairman of SBI, Kumar recounts, his term was rather momentous as the period-from 2017 to 2020-during which he shouldered this responsibility was rather unique under any circumstances. The Indian banking sector was going through one of its most tumultuous phases. The problem of non-performing loans (NPLs) had severely impacted the balance sheet and profitability of banks, especially those in the public sector.

In the aftermath of demonetization, the YES Bank fiasco, the crisis in Jet Airways and NPLs, among others, The Custodian of Trust is a candid memoir by the former Chairman of India’s largest commercial bank. Anecdotal, engaging and evocative, this book is an unputdownable memoir of a former banker.

Buying Options
Paperback / Hardback

Rajnish Kumar

Rajnish Kumar is the co-founder and group co CEO of ixigo, India’s leading AI-based travel platform. Since co-founding the company in 2007, he has played a pivotal role in shaping its vision across new product development, technological innovation, growth marketing, research, AI initiatives and the building of global talent.

An alumnus of IIT Kanpur, where he earned his bachelor’s degree in computer science and engineering, Rajnish began his career as a software development engineer at Amadeus before returning to India to build ixigo. Under his leadership, ixigo went on to develop category defining travel products, including the ixigo Trains app, which ranked among the most downloaded travel and navigation apps globally in 2022, according to data.ai.

He was honoured with the 2023 Distinguished Alumnus Award by IIT Kanpur. Today, he continues to build and scale AI-driven innovations at ixigo, which has grown into a leading OTA for the next billion users, serving over 540 million annual active users in FY25.

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The YES Bank Fiasco Explained by the Former Chairman of SBI

As the Chairman of SBI, Rajnish Kumar recounts in his memoir, The Custodian of Trust, his term was rather momentous as the period-from 2017 to 2020-during which he shouldered this responsibility, was rather unique under any circumstances. The Indian banking sector was going through one of its most tumultuous phases. The problem of non-performing loans […]

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