SBI Cards and Payment Services appoints Salila Pande as CMD and CEO, declares interim dividend
The record date for dividend eligibility is February 25, 2025, with payments to be processed by March 18, 2025.
SBI Cards and Payment Services appoints Salila Pande as CMD and CEO, declares interim dividend
The board of SBI Cards and Payment Services has approved the appointment of Salila Pande as the company's managing director and CEO, effective April 1, 2025, for a two-year term. She will succeed Abhijit Chakravorty, who will retire from the State Bank of India on March 31, 2025.
Ms. Pande’s appointment is subject to shareholder and regulatory approvals. Ms. Pande is presently a chief general manager at SBI. She is a career banker and joined SBI in 1995 as a probationary officer. She has been a part of the bank, India's oldest and largest banking group since then. She has gained extensive experience through various roles across the bank in multiple locations.
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She has a wealth of experience in international banking, retail banking, and risk management, where she has held key positions such as vice president, mid office at SBI Singapore, DGM (business and operations) in Delhi, and president & CEO of SBI California, a foreign subsidiary of the bank.
In addition, the board has declared an interim dividend of Rs 2.50 per share (25% of the face value of Rs 10) for the financial year 2024-25. The record date for dividend eligibility is February 25, 2025, with payments to be processed by March 18, 2025.
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