India’s credit card industry is witnessing a key leadership shift as SBI Cards and Payment Services, the country’s largest standalone credit card issuer, has announced a major top-level appointment.
SBI Card has appointed Salila Pande as its new Managing Director and Chief Executive Officer, effective April 1, 2025. The company disclosed the appointment through a regulatory filing to the BSE and NSE.
Pande brings close to 30 years of banking experience with the State Bank of India (SBI), the parent company of SBI Card. Most recently, she served as Chief General Manager of the Mumbai Metro Circle, leading SBI’s retail operations in one of India’s largest financial markets.
She also served as President and CEO of SBI California, where she managed the bank’s U.S. operations through the COVID-19 pandemic, demonstrating effective leadership during global economic uncertainty.
Shares of SBI Card ended 2.39% lower on April 1, 2025, closing at ₹860 per share. The stock saw muted investor sentiment despite the announcement, amid broader market volatility at the start of the financial year.
The appointment of Salila Pande marks a new phase of leadership for SBI Card. Backed by decades of experience within the SBI group, her elevation comes at a time when the credit card sector in India is expanding rapidly. Investors and industry observers will be watching closely to see how the company navigates this next chapter under her leadership.
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Published on: Apr 1, 2025, 7:46 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and asset management, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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