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SBI appoints Abhijit Chakravorty as SBI Card’s CEO

SBI Cards & Payment Services (SBI Card), the country’s largest pure-play credit card issuer, has appointed Abhijit Chakravorty as MD & CEO. Chakravorty, who is presently a Deputy Managing Director at SBI, will assume charge of his new role on August 12, SBI Card said in a filing with stock exchanges. He has been appointed as SBI Card’s MD&CEO for two years.

Incumbent MD & CEO Rama Mohan Rao Amara has tendered his resignation owing to his transfer to SBI. Amara will demit office on August 11.

Daily Current Affairs 2023

Experiences

  • Chakravorty will assume his new role at a time when the Indian credit card industry is showing robust growth both in terms of volumes and card spends.
  • Chakravorty, who started his banking career as a Probationary Officer with SBI in 1988, has gained over 34 years of rich experience in Retail and Corporate Banking, Overseas Operations and IT verticals of the bank.
  • He also served at the Hongkong branch of the Bank. He had a long tenure in Commercial Credit Group and was involved in high value Corporate Lending.
  • Chakravorty managed the Bangladesh Operations of SBI as CEO and Country Head.
  • In his previous assignment as Chief General Manager (Channels & Operations) at the Global IT Centre of the Bank, Chakravorty was leading the vertical responsible for IT operations of the customer-facing channels and payment systems.
  • He is a post graduate in Applied Chemistry and is a Certified Associate of the Indian Institute of Bankers (CAIIB).

Important takeaways for all competitive exams:

  • SBI Card Headquarters: Gurugram, Haryana;
  • SBI Card Founded: October 1998.

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