The Central Govt.on Friday appointed former IAS officer Rajiv Kumar as the new Election Commissioner. He will replace Ashok Lavasa, who has resigned with effect from August 31, 2020, to join ADB as Vice President. Lavasa still has over two years term left at the Commission who would have retired as Chief Election Commissioner but resigned to join Asian Development Bank.
Rajiv Kumar as a Finance Secretary
Rajiv is a 1984 batch IAS officer from the state Jharkhand cadre. He is a banking & finance veteran in the central Govt. During his tenure as a Finance Secretary, he initiated the merger of Bank of Baroda with Vijaya Bank and Dena Bank, followed by mergers of 10 state-run public sector banks to form into four. Before joining the Ministry of Finance, Kumar worked the Department of Personnel and Training (DoPT) as an Establishment Officer for two years. At DoPT, he implemented a 360-degree appraisal system for the promotion of senior IAS officers. He takes many credits of implementing several banking reforms in the country during his tenure & have played a crucial role in the center’s flagship schemes such as
Kumar has undertaken several reforms in the banking sector and provided a record capital infusion in the public sector banks. Over Rs 3 lakh crore has been infused in the banking sector since 2015-’16 to tackle bad loans. He also played a vital role in the government’s flagship schemes like Pradhan Mantri Jan Dhan Yojana ( PMJDY ), Mudra Loan Yojana, etc.
Kumar holds two bachelor’s degrees, one BSc in zoology and the other LLB, along with a master’s degree in public policy and sustainability. He is a fan of Indian classical music and loved trekking.