A Banker’s Memoir: His Banking Journey

The book, Custodian of Trust: A Banker’s Memoir, touches on the areas on banking, personal challenges and lessons of life, is written with the idea of making people understand what banking sector is all about as banking has always been a difficult term for the layman to understand.

"If government has to do certain difficult things, it has to rely on State Bank of India. Whether we do it willingly or grudgingly, we have to do it," says Former Chairman of SBI, Rajnish Kumar while talking about his book at the literature festival on Saturday.

Talking about the evolution of Banking sector, Rajnish Kumar comments, “Because of computerisation, the power of union has gone down as compared to 1980s. SBI has proven by creating a world-class digital bank.”

“As compared to other banks, SBI has a much longer history as it was started in 1806. Any building whose foundation is strong survives. Likewise, the foundation of SBI is strong, it’s not that the bank has never come across the challenges. When it comes to nationalisation, we were the first ones. If you read the origin, it was all with the intention of giving impetus to the rural credits,” adds Kumar while discussing the transformation of SBI with Prabal Basu Roy, Sloan Fellow-London Business School, Director & an Advisor to Chairmen of Corporate Boards.