He will replace Soma Sankara Prasad whose terms comes to an end.
Kumar will assume office on office on or after June 1, 2023 or until further orders, it said.
Kumar is a chartered accountant and made his way through ranks serving various offices of five public sector banks -- Bank of Baroda, Corporation Bank, Oriental Bank of Commerce, Punjab National Bank and Indian Bank.
In his previous stints, Kumar worked in the wholesale banking division and as head of several branches (including Industrial Finance Branches).
As general manager, he was heading mid-corporate and large corporate verticals and was also a chief financial officer.