Salila Pande has been appointed as the new Managing Director and Chief Executive Officer of SBI Cards and Payment Services, effective April 1, 2025. This announcement was made on Monday, confirming her nomination by the State Bank of India (SBI). Pande’s tenure will last for two years, according to a filing with the Bombay Stock Exchange (BSE).
Her appointment follows the superannuation of Abhijit Chakravorty, who will retire from SBI's services on March 31, 2025. Pande's leadership role comes as part of this transition, ensuring the continuity of effective management.
Currently a Chief General Manager at SBI, Pande has been with the bank since 1995, when she joined as a probationary officer. Over the years, she has developed a strong career, becoming a key figure in the nation’s largest banking group.
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Pande holds a postgraduate degree in physics and is a Certified Financial Risk Manager (FRM) by GARP, USA, in addition to being a Certified Associate of the Indian Institute of Bankers.
Her appointment marks a new phase for SBI Cards as she prepares to lead the company into its future growth and innovation.
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