Latest news with #SalilaPande
Time of India
5 days ago
- Business
- Time of India
Nine new DMDs at SBI, 28 CGMs promoted in annual exercise
State Bank of India (SBI), the country's biggest government asset by market value, has promoted nine chief general managers (CGMs) as deputy managing directors (DMDs) in an annual exercise, people familiar with the information said. As many as 28 people have been elevated to the CGM level, similar to the 27 promoted last year, Four out of nine DMDs have already been posted to their respective positions, while five others are waiting for the final order of the department where they will take charge. SBI has 24 DMDs, each handling remits ranging from corporate banking, markets and treasury, recovery, retail, compliance, finance, operations, etc. The names of the new DMDs have already been updated at the bank's website. Rajeev Kumar, who was CGM at the bank's international banking group (IBG) in SBI's Mumbai headquarters, has already taken charge as DMD internal audit at the bank's Hyderabad office. SBI Card CEO, Salila Pande, has also been promoted as DMD and will continue with her current responsibilities she assumed in April. Ramesh Srinivas Rao has taken charge as DMD commercial clients group I (CCG I) from Gulshan Malik, who retired on May 31. Satyendra Kumar Singh has taken charge of CCG II, which was headed by Amitava Chatterjee, who took over as J&K Bank CEO at the end of December 2024. Both CCG I and II services large and medium sized companies (except conglomerates), out of the bank's head office in Mumbai. Rajesh Kumar, who was heading the bank's Hyderabad circle, will take over as DMD, agriculture and SME in the bank's corporate headquarters in Mumbai from Surender Rana, who retires in July. Other CGMs promoted to DMD position are Arvind Kumar Singh, Chander Shekhar Sharma, Parminder Singh and Anindya Sunder Paul. They await portfolios and will take over based on retirements or transfers. The DMDs typically report to managing directors (MDs). SBI has four MDs, each handling corporate banking and subsidiaries, retail and operations, risk, compliance and stressed assets recovery and international banking, markets and technology. The MD portfolios are distributed according to the discretion of the SBI chairman. SBI is India's largest lender with Rs 66.79 lakh crore in total assets, much higher than Rs 39.10 lakh crore of total assets of HDFC Bank , its nearest rival, as of March 2025. With more than 22,500 branches and 63,580 ATMs across India, it has the widest network in the country. Economic Times WhatsApp channel )
Mint
15-05-2025
- Business
- Mint
SBI Card joins hands with Apollo to launch wellness focused credit card
SBI Card and Apollo HealthCo, which operates Apollo Pharmacy, have extended their strategic partnership to introduce a health and wellness focused co-branded credit card - Apollo SBI Card SELECT card. This one-of-its-kind premium credit card has been thoughtfully designed to address the evolving needs of today's health-conscious consumers, offering a compelling blend of healthcare savings and financial rewards. Customers can easily apply for this card digitally on the Apollo 24|7 app and opt to apply via SBI Card SPRINT, by visiting the SBI Card website SBI Customers can also apply for the card at select Apollo Pharmacy stores. The Apollo SBI Card SELECT cardholders are entitled to enjoy a rewarding shopping experience on transactions, including pharmacy products, health check-up packages, blood tests, and more through the Apollo 24|7 app and Apollo Pharmacy stores. Cardholders get 10 per cent back as reward points, and additionally up to 15 per cent back as health credits, giving them a total value back of up to 25%. Reward points can be converted into Health Credits, which are redeemable across the entire product range of Apollo 24|7 App and Apollo pharmacy stores. Apollo SBI Card SELECT card customers receive ₹ 1,500 e-gift voucher as welcome benefits, redeemable on the Apollo 24|7 app and at Apollo pharmacy stores. They are also entitled to Apollo Circle benefits that provide priority access to services and special discounts on doctor consultations, diagnostic tests and pharmacy orders on Apollo platforms. Additionally, Apollo SBI Card SELECT card customers also get a complimentary 1-year FITPASS PRO Membership, offering access to a wide network of gyms, fitness classes, and wellness programs, across India. Salila Pande, MD & CEO, SBI Card said, 'At SBI Card, we understand the evolving spending needs and aspirations of today's conscious consumers who are focused on good health and well-being. Our collaboration with Apollo HealthCo to introduce Apollo SBI Card SELECT card is firmly aligned with this need. By offering thoughtful healthcare benefits and valuable rewards, we aim to empower our customers to stay committed to their health and wellness goals, while enjoying varied financial benefits.' Shobana Kamineni, executive chairperson, Apollo HealthCo said, 'With the Apollo SBI Credit Card, we're introducing a revolutionary financial product designed to seamlessly connect health and wellness with everyday living. By turning everyday spending into health investments, we're making access to care seamless, intuitive, and affordable. It's our way of saying that healthcare should be earned, saved, and accessed just as easily as any other essential. This is the future of health—and we are proud to build it with SBI Card. Together, we will be the health keeper of the nation.' Disclaimer: Mint has a tie-up with fintechs for providing credit, you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit score. Mint does not promote or encourage taking credit as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.
