Abhijit Chakravorty Takes Charge As SBI Card's MD And CEO

SBI Cards and Payment Services Ltd (SBI Card), an SBI-promoted card issuance company, announced on Wednesday that Abhijit Chakravorty has been appointed as the company's new managing director (MD) and chief executive officer (CEO), effective August 12, 2023.

Mr Chakravorty has taken over from Mr Rama Mohan Rao Amara, who is returning to the bank after serving SBI Card for more than two and a half years.

Mr Chakravorty is a deputy managing director with the State Bank of India (SBI). With an experience of 34 years in the banking sector, he has worked in various divisions of the bank including retail and corporate banking, overseas operations, and IT infrastructure.

Commenting on the development Mr. Dinesh Kumar Khara, Chairman, State Bank of India said, "We are delighted to welcome Mr. Abhijit Chakravorty as the new MD and CEO of SB/ Card. He 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 SB/. We congratulate him for his new role and wish him all the best. We are confident that he has the right vision and strategic approach to steer SB/ Card towards new milestones of success."

Expressing his enthusiasm as he assumes his new role, Mr. Abhijit Chakravorty, Managing Director and CEO, SBI Card shared, "/ am pleased to be a part of SB/ Card and look forward to being one of the contributors in its journey of success. The company has shown great resilience and grown exceptionally over the years. The credit card industry continues to offer immense growth opportunities and I look forward to working closely with my colleagues at SB/ Card to take advantage of this vast potential, with a sharp focus on achieving sustainable and profitable growth."