One of the country's leading plastic card issuers, SBI Cards, has appointed Mr. Pallav Mohapatra as its new Chief Executive Officer. He succeeds Mr. Kadambi Narahari, who retired from his post on September 30 this year.
Mohapatra has a rich experience in the banking sector, spanning more than three decades. Prior to this appointment also, he was providing his services to the State Bank of India Group. He joined SBI in the year 1983, as a probationary officer. Since then, he has worked across several segments of the bank. Some of his earlier roles in the bank include being the Head of Credit Appraisal, being the Vice President of State Bank of California (USA) and being the AGM of Overseas Expansion & Foreign Offices. He has also held the position of the first Managing Director & CEO of SBI SG Global Securities Services Ltd, which is a joint venture of SBI and Societe Generale.
On his appointment, Mohapatra said, "SBI Cards continues being on a strong growth trajectory. In keeping with our value proposition to 'Make Life Simple' (the core promise of our brand), we have been taking multiple initiatives both on the product and services innovation side to respond better to our customers and surpass their expectations."
He further added, "We will continue this strong focus as well as play the role of the market leader in educating customers on spending responsibly and taking advantage of the various convenient options that a credit card offers."