The Shareholders of the Company vide the postal ballot resolution dated May 9, 2025, has approved the appointment of Smt. Salila Pande (DIN: 10941529) as Managing Director & CEO of the Company.
Awaiting price reaction for this filing.
Shareholders of SBI Cards and Payment Services have approved the appointment of Smt. Salila Pande (DIN: 10941529) as Managing Director & CEO for a period of two years starting April 1, 2025. She has been nominated by State Bank of India, the promoter of the company. Ms. Pande is currently a Chief General Manager at SBI and is a career banker who joined SBI in 1995 as a Probationary Officer. She brings experience across international banking, retail banking, and risk management, including roles at SBI Singapore and SBI California. The appointment was confirmed via postal ballot resolution dated May 9, 2025.
This formalises the leadership at the top of SBI Cards with a candidate handpicked by the promoter SBI, bringing deep banking and risk management expertise. Shareholders should expect continuity in strategy closely aligned with SBI's parent interests.