SBI Cards MD & CEO Amit Tewari Appointed SBI MD

SBI Cards MD & CEO Amit Tewari Appointed SBI MD


SBI Card & Payments Services Ltd. has informed in a regulatory filing that Ashwini Kumar Tewari - its Managing Director (MD) and Chief Executive Officer (CEO) - has resigned. 


In a regulatory filing, SBI Card stated, "We wish to inform that Ashwini Kumar Tewari, Managing Director & CEO (nominated by State Bank of India) of the company has tendered his resignation from directorship of the company with effect from the close of business hours of Jan. 27."  The resignation comes after he was appointed as MD of the State Bank of India. The card company further stated that Tewari will cease to be its MD & CEO from the date of resignation. Tewari became the MD and CEO of SBI Cards on August 1, 2020. 


In his previous role, Tewari was the Country Head of the US Operations of State Bank of India since April 2017, which included its offices in New York, Chicago, Los Angeles, Washington DC and Sao Paulo (Brazil). Prior to that he was the Regional Head and General Manager, East Asia, for SBI.


Based in Hong Kong, he oversaw the business development and control of State Bank of India, in Hong Kong, China, Japan, Korea and the neighboring region. Over the years, he held other leadership positions at State Bank of India, including, the Deputy General Manager, (Operations & Information Systems), International Banking Group, Mumbai, Head of SBI’s Cash Management, Regional Manager, Branch Head, among others.


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