In a leadership transition, SBI Cards and Payment Services has named Salila Pande as its new Managing Director (MD) and Chief Executive Officer (CEO), effective from 1st April, 2025. The appointment was confirmed via a regulatory filing with the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE).
With close to 30 years of banking experience under her belt, Pande is a veteran of the State Bank of India (SBI), SBI Card’s parent institution. Most recently, she held the position of Chief General Manager of SBI’s Mumbai Metro Circle, where she oversaw retail operations in one of India’s most vital financial regions.
She also served as President and CEO at SBI California, where she led the bank’s U.S. operations during the COVID-19 pandemic, earning praise for her strategic and resilient leadership through a period of global uncertainty.
Pande’s elevation comes at a time of rapid expansion in India’s credit card market, with increasing digital adoption and a growing consumer base. Her expertise in retail banking and international markets is expected to play a crucial role in navigating the competitive financial landscape, strengthening SBI Card’s market leadership.
