Mumbai, India, February 2025 – Salila Pande, has been named the Managing Director and Chief Executive Officer of SBI Card, effective April 1, 2025. She succeeds Abhijit Chakravorty, who will retire on March 31, 2025. Nominated by State Bank of India (SBI), her appointment is for a two-year term, subject to necessary approvals, including shareholder consent.
With an illustrious career at State Bank of India (SBI) spanning several decades, Pande brings deep expertise in international banking, retail banking, and risk management. Her leadership will be instrumental in driving SBI Card’s growth strategy, customer-centric innovations, and risk governance as the company continues to expand its footprint in India’s credit card market.
Throughout her tenure at SBI, Pande has held key leadership roles, including Vice President – Mid Office at SBI Singapore, DGM (Business and Operations) in Delhi, and President & CEO of SBI California. Her experience in global markets, regulatory frameworks, and digital transformation will play a vital role in strengthening SBI Card’s position as a market leader.
Beyond her professional expertise, Pande holds a postgraduate degree in Physics and is certified in Financial Risk Management (FRM) from GARP, USA. She is also a Certified Associate of the Indian Institute of Bankers (CAIIB), reflecting her deep financial acumen and leadership credentials.
About SBI Card
SBI Card, established in 1998, is India’s largest pure-play credit card issuer, with over 19.5 million cards in force as of September 2024. Originally launched with State Bank of India as the majority stakeholder, SBI Card was listed on BSE and NSE in March 2020. The company offers a diverse range of credit card products tailored for various customer segments, from new-to-credit users to premium clients.
Built on the brand ethos of ‘Make Life Simple’, SBI Card focuses on customer-centric solutions backed by trust, transparency, and innovation. The company is committed to simplifying financial experiences for customers, employees, and stakeholders, ensuring continued leadership in India’s rapidly evolving credit card industry.
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