SBI appoints Abhijit Chakravorty as SBI Card’s CEO

SBI appoints Abhijit Chakravorty as SBI Card’s CEO: Abhijit Chakravorty has been named MD & CEO of SBI Cards & Payment Services (SBI Card), the country’s largest pure-play credit card provider. Chakravorty, who is now a Deputy Managing Director at SBI, will take over his new post on August 12, according to a filing with stock markets by SBI Card. He has been appointed as SBI Card’s MD&CEO for two years.

Incumbent MD & CEO Rama Mohan Rao Amara has tendered his resignation owing to his transfer to SBI. Amara will demit office on August 11.

Experiences

Chakravorty will take up his new post at a time when the Indian credit card sector is experiencing rapid development in terms of both volume and card spends. Chakravorty, who started his banking career as a Probationary Officer with SBI in 1988, has gained over 34 years of rich experience in Retail and Corporate Banking, Overseas Operations and IT verticals of the bank.

He also served at the Hongkong branch of the Bank. He had a long tenure in Commercial Credit Group and was involved in high value Corporate Lending. As CEO and Country Head, Chakravorty managed SBI’s Bangladesh operations.

In his previous assignment as Chief General Manager (Channels & Operations) at the Global IT Centre of the Bank, Chakravorty was leading the vertical responsible for IT operations of the customer-facing channels and payment systems. He holds a master’s degree in applied chemistry and is a Certified Associate of the Indian Institute of Bankers (CAIIB).

Important takeaways for all competitive exams:

• SBI Card Headquarters: Gurugram, Haryana;
• SBI Card Founded: October 1998.