SBI Cards and Payment Services Ltd.'s board of directors approved on Monday the appointment of Salila Pande as the managing director and chief executive officer of the company, according to the exchange filing.
Pande will take charge from April 1 for two years, subject to necessary approvals as may be required, including approval of the shareholders of the company, it said.
The move follows the superannuation of incumbent SBI Cards CEO Abhijit Chakravorty from the services of parent State Bank of India with effect from March 31.
Currently, Pande is a chief general manager at SBI. She is a career banker and had joined the bank in 1995 as a probationary officer.
She has gained extensive experience through various roles across the bank in multiple locations. Her career has been distinguished by significant contributions to international banking, retail banking and risk management, where she has held key positions.
Shares of SBI Cards closed 0.56% lower at Rs 853.75 apiece on the BSE before the announcement, compared to a 0.08% advance in the benchmark Sensex.
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