New Delhi: BharatPe pre-appointed SBI Chairman Rajnish Kumar as the chairman of the board, the fintech startup said on Tuesday.

in his role as Bharatpe PresidentKumar will be involved in formulating the firm’s short-term and long-term strategy, as well as working closely with the board and officials on regulatory matters. He will also advise and advise the Management on Corporate Governance.

“We look forward to invaluable guidance from Rajnish Kumar As we build India’s largest digital credit provider,” Ashneer Grover, co-founder and managing director, BharatPe, said in a statement. “We are confident that under his able guidance, BharatPe will scale new heights and create best-in-class FinTech for New India.”

Kumar became the chairman of SBI in October 2017 and retired in October 2020. He is currently an Independent Non-Executive Director at HSBC Bank Asia and L&T Infotech Ltd.

Kumar said, “In just three years, BharatPe has come a long way in becoming a trusted name in the financial services industry.” “This company has a huge opportunity ahead and it would be great to work closely with our young and talented team to build financial services for the India of tomorrow.”