Rajay Kumar Sinha takes charge as SBICAPS chief

Rajay Kumar Sinha takes charge as SBICAPS chief

Daily Current Affairs   /   Rajay Kumar Sinha takes charge as SBICAPS chief

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Category : Appointment/Resignation Published on: July 21 2023

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  • Rajay Kumar Sinha has officially assumed the position of Chief at SBI Capital Markets Limited (SBICAPS). 
  • Before taking on this role, he was responsible for overseeing Treasury operations at State Bank of India (SBI), where he managed various aspects, including the bank’s investment portfolio, money market, equity, private equity, and forex operations.
  • Sinha, who became a Probationary Officer at SBI in 1991, has now taken over the position of Chief at SBI Capital Markets Limited (SBICAPS), succeeding Amitava Chatterjee.
  • SBI Capital Markets (SBICAPS) is a wholly owned investment banking subsidiary of State Bank of India (SBI).
  • SBICAPS was established in August 1986. In January 1997 the Asian Development Bank acquired a 13.84% equity stake in SBICAPS. 
  • This share was repurchased by State Bank of India in March 2010.
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