SBI Cards and Payment Services has appointed Salila Pande as the managing director and CEO for a period of two years, with effect from 1 April 2025.

Pande will succeed Abhijit Chakravorty upon his retirement.

The board has approved the appointment of Pande pursuant to the superannuation of Abhijit Chakravorty from the services of State Bank of India from 31 March 2025, SBI Card said in a filing to the BSE. 

Pande is a chief general manager at the State Bank of India. She is a career banker and had joined the SBI in 1995 as a probationary officer, and has been with the country's largest banking group since then.

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.