Salila Pande Appointed as MD & CEO of SBI Card, Effective April 1, 2025

SBI Cards and Payment Services (SBI Card) has appointed Salila Pande as its new Managing Director (MD) & Chief Executive Officer (CEO), effective April 1, 2025. This announcement was officially made through a press release filed with the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).

Introduction

SBI Card, one of India’s leading pure-play credit card issuers, has named Salila Pande as its next MD & CEO. Her appointment marks the beginning of a new leadership phase for the company as it continues to expand its footprint in India’s growing credit card market. With nearly three decades of experience in the banking sector, Salila Pande brings a wealth of knowledge and leadership skills that will drive the company’s future growth.

Salila Pande’s Extensive Banking Experience

1. A Veteran in Banking and Finance

Salila Pande has had a distinguished career with the State Bank of India (SBI), spanning nearly 30 years. Her expertise in retail banking, credit services, and financial management positions her as an ideal leader for SBI Card.

2. Key Leadership Roles in SBI

• Chief General Manager, Mumbai Metro Circle: Led SBI’s retail banking operations in one of India’s most critical financial markets.
• President & CEO, SBI California: Successfully navigated SBI’s US subsidiary through a challenging economic period, including the COVID-19 pandemic.

Her leadership at SBI California demonstrated her ability to steer an institution through economic uncertainties, making her well-suited to guide SBI Card in an evolving financial landscape.

Significance of This Appointment

The appointment of Salila Pande as MD & CEO of SBI Card comes at a time when the credit card industry in India is witnessing rapid expansion, fueled by digital transactions and consumer credit demand. With her vast experience in banking and leadership, she is expected to:

• Strengthen SBI Card’s market position in India’s credit card industry.
• Focus on digital transformation and innovation.
• Enhance customer-centric services.
• Drive sustainable growth and profitability.

Summary of Salila Pande’s Appointment