In a significant leadership move, Smt. Salila Pande has been appointed as the Managing Director and CEO of SBI Cards and Payments Services Ltd, nominated by the State Bank of India (SBI). Her appointment marks a new chapter in the company’s journey as it continues to strengthen its position in India’s dynamic credit card and digital payments landscape.
Ms. Pande, a seasoned banker with over 30 years of experience, has held several key leadership positions within the State Bank of India group, both in India and abroad. Most recently, she served as Chief General Manager of the Mumbai Metro Circle, overseeing the retail banking operations in one of SBI’s most critical financial markets.
Earlier, she was President and CEO of SBI California, a U.S.-chartered bank and a wholly owned subsidiary of SBI. During her tenure, she successfully steered the bank through a period of economic turbulence triggered by the COVID-19 pandemic, demonstrating agility and sound financial acumen.
With deep expertise spanning international banking, retail banking, risk management, and trade finance, Ms. Pande has been instrumental in driving strategic growth across diverse assignments. She holds a Gold Medal in M.Sc. (Physics), is a Certified Associate of the Indian Institute of Bankers (CAIIB), and also holds the Financial Risk Manager (FRM) certification from GARP, USA.
Her international exposure and cross-functional experience are expected to add significant value to SBI Cards’ long-term strategy, especially in the rapidly evolving digital payments ecosystem.
About SBI Cards and Payments Services Ltd
SBI Cards and Payments Services Ltd, launched in 1998 as a joint venture between SBI and GE Capital, is one of India’s leading credit card issuers. It is a subsidiary of the State Bank of India, the country’s largest public sector bank.
