SBI Cards and Payment Services has appointed Salila Pande as the managing director (MD) & CEO of the company, according to a stock market disclosure today, February 17. Her appointment will be effective from April 1, 2025.
Nominated by State Bank of India, Pande’s appointment will be for a period of two years, SBI Card said.
The board has approved the appointment of Pande pursuant to the superannuation of Abhijit Chakravorty from the services of State Bank of India from March 31, 2025, it said.
Currently working as a chief general manager at SBI, She is a career banker and had joined the PSU bank in 1995 as a probationary officer. Pande is a post graduate in physics, a certified financial risk manager (FRM by GARP, USA) and a certified associate of the Indian Institute of Bankers.
Previously she has obtained key positions like as vice president – Mid Office at SBI Singapore, DGM (business and operations) in Delhi, and president & CEO of SBI California, a foreign subsidiary of SBI.
SBI Card announces interim dividend of Rs 2.5 per equity share
Through a separate stock market disclosure, SBI Card also declared an interim dividend of Rs 2.5 per equity share of Rs 10 face value. The record date has been fixed as February 25.
SBI Card Q3 Results
Last month, SBI Card shared its third quarter results for the period ended on December 31, 2024. It reported a 30 per cent fall in net profit to Rs 383 crore for the third quarter on rising delinquencies. The pure-play credit card company, promoted by SBI, had posted a net profit of Rs 549 crore during the corresponding period of the previous financial year. Read more here https://www.zeebiz.com/companies/news-sbi-card-q3-results-profit-falls-3…
Shares of SBI Cards and Payment Services Ltd closed at Rs 853.75, down 0.56 per cent over previous close on the BSE today.
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