Abhijit Chakravorty has taken over as the managing director and CEO of SBI Card, India’s largest pure-play credit card issuer. 

Chakravorty takes over from Rama Mohan Rao Amara, who is returning to the bank after heading SBI Card for over two-and-a-half years. 

A deputy managing director at SBI, Chakravorty moves in to take charge of SBI Card at a challenging time when the market share of the company is under pressure with private sector players HDFC Bank, ICICI Bank and Axis Bank trying to grab more of the pie.

“Chakravorty has a rich and diverse experience as a banker and has a strong track record in various strategic and leadership positions that he has held over the years with SBI. We are confident that he has the right vision and strategic approach to steer SBI Card towards new milestones of success," said SBI chairman Dinesh Kumar Khara in a release.

In one of his earlier stints, Chakravorty was heading the  IT operations of the customer-facing channels and payment systems as chief general manager (Channels & Operations) at the Global IT Centre of SBI. He also had a long stint at the commercial credit group of SBI where he was involved in high-value corporate lending. 

Chakravorty has led the operations of SBI in Bangladesh as CEO and country head. He has also served at SBI’s Hong Kong branch. 

A postgraduate in Applied Chemistry and a Certified Associate of the Indian Institute of Bankers (CAIIB), Chakravorty has over 34 years of experience across various divisions of the bank, including retail and corporate banking, overseas operations and IT infrastructure. 

“The credit card industry continues to offer immense growth opportunities and I look forward to working closely with my colleagues at SBI Card to take advantage of this vast potential, with a sharp focus on achieving sustainable and profitable growth," Chakravotry said.