Ashwini Kumar Tewari becomes new MD & CEO of SBI Cards

SBI Cards and Payment Services has appointed Ashwini Kumar Tewari as its new Managing Director and chief executive officer. The new appointment will be valid for two years and his appointment will come into effect from August 1, 2020. He was nominated by parent State Bank of India for the position.

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Tewari’s appointment is followed by the resignation of present MD & CEO, Hardayal Prasad who decided to quit from the directorship of the company owing to his voluntary retirement from the State Bank of India.

Important takeaways for all competitive exams:

• Chairman of State Bank of India: Rajnish Kumar.
• Headquarters: Mumbai; Founded: 1 July 1955.

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