Rajnish Kumar replace with Arundhati Bhattacharya

The new head of the bank will have to lead it through the ongoing resolution of bad loans, while ensuring that it supports growth by



stepping up lending. Bad loans are seen as a systemic risk while credit growth is a key element of India’s economic revival strategy. 

Gross NPAs of the public sector banks rose to Rs 6.41 lakh crore at the end of March 2017 as against Rs 5.02 lakh crore a year ago, according to a Finance Ministry data.