In a momentous leadership change, SBI Cards and Payment Services has announced the appointment of Salila Pande as its new Managing Director (MD) & Chief Executive Officer (CEO), effective April 1, 2025. This decision marks an exciting new chapter for SBI Card as it continues to solidify its presence in India’s fast-growing credit card market.
With nearly 30 years of experience in the banking sector, Salila Pande brings a wealth of expertise that promises to steer SBI Card toward even greater success. Her appointment was officially confirmed in a press release filed with both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
A Proven Leader with Deep Banking Expertise
Salila Pande’s remarkable career within the State Bank of India (SBI) speaks volumes about her leadership abilities. Over the course of nearly three decades, she has excelled in various key positions, gaining extensive knowledge in retail banking, credit services, and financial management.
Key Milestones in Her Career:
Chief General Manager, Mumbai Metro Circle: Here, she played a pivotal role in leading SBI’s retail banking operations in one of the nation’s most dynamic and crucial financial regions.
President & CEO, SBI California: Salila led SBI’s US subsidiary through challenging economic times, including the difficulties brought on by the COVID-19 pandemic, showcasing her exceptional ability to guide an organization through times of crisis.
Her deep understanding of banking operations and her experience navigating complex financial landscapes makes her an ideal leader for SBI Card as the company moves forward.
Why This Appointment Matters
Salila Pande’s arrival as MD & CEO comes at a time when India’s credit card industry is experiencing an unprecedented surge, driven by increasing digital transactions and growing demand for consumer credit. Under her leadership, SBI Card is expected to:
Reinforce its dominant market position within India’s competitive credit card sector.
Push for digital transformation and continued innovation.
Prioritize customer-centric solutions, enhancing services to meet the evolving needs of consumers.
Drive sustainable growth and enhanced profitability.
Salila Pande’s appointment reflects a strategic move by SBI Card to ensure its continued leadership in a rapidly changing financial environment.
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