SBI Card, the country’s largest pure-play credit card issuer, has announced that Abhijit Chakravorty has taken charge as the company’s new Managing Director and Chief Executive Officer, effective August 12. 

Chakravorty has taken over from Rama Mohan Rao Amara, who is returning to the SBI after successfully leading SBI Card for over two-and-a-half years.

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Prior to this appointment, Chakravorty was a deputy Managing Director with the State Bank of India.

With a rich experience of 34 years in the banking sector, he has worked with various divisions of the bank that include retail and corporate banking, overseas operations, and IT infrastructure.

Diverse experience

Commenting on the development, Dinesh Kumar Khara, Chairman, State Bank of India, said, “We are delighted to welcome Abhijit Chakravorty as the new MD and CEO of SBI Card. He has a rich and diverse experience as a banker and has a strong track record in various strategic and leadership positions that he has held over the years with SBI. We congratulate him for his new role and wish him all the best. We are confident that he has the right vision and strategic approach to steer SBI Card towards new milestones of success.”

Chakravorty said, “I am pleased to be a part of SBI Card and look forward to being one of the contributors in its journey of success. The company has shown great resilience and grown exceptionally over the years. The credit card industry continues to offer immense growth opportunities and I look forward to working closely with my colleagues at SBI Card to take advantage of this vast potential, with a sharp focus on achieving sustainable and profitable growth.”

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Prior to joining SBI Card, Chakravorty was leading the IT operations of the customer-facing channels and payment systems as Chief General Manager (channels and operations) at the Global IT Centre of SBI. One of his previous assignments with the bank include his long stint with Commercial Credit Group, where he was involved in high value corporate lending. Chakravorty has led the operations of SBI in Bangladesh as CEO and country head. He has also served at SBI’s Hongkong branch.

He is a postgraduate in Applied Chemistry and is a Certified Associate of the Indian Institute of Bankers (CAIIB).