New Delhi: State Bank of India's (SBI) Managing Director (MD) Ashwini Kumar Tewari has been appointed as Nominee Director of SBI card. "The Board of Directors of the company at its meeting held on Monday, have approved the appointment of Tewari as Nominee Director (Nominated by SBI) of the company with immediate effect," the company said in a regulatory filing to the stock exchanges on April 5. He is not related to any of the directors of the company, the company added.
Tewari is a career banker and started his career in SBI in the year 1991 as a Probationary Officer. Presently, he is the Managing Director of State Bank of India, handling the portfolio of International Banking, Information Technology, and Associates and Subsidiaries of the Bank. Prior to becoming Managing Director at SBI, he served as Managing Director and CEO of SBI Cards and Payment Services Ltd.
He has been part of the State Bank of India, India’s oldest and largest banking group, for almost three decades now and has handled several assignments for the bank, across various locations in India and abroad. As MD & CEO of SBI Cards, he oversaw key partnerships inked with GPay, PayTM, BPCL, etc and steered the company in the immediate aftermath of the COVID-19 period.
Earlier, he was the Country Head of the US Operations of the State Bank of India from April 2017 to July 2021. This 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 the State Bank of India, in Hong Kong, China, Japan, Korea and the neighbouring region. Over the years, he held other leadership positions at SBI, including, the Deputy General Manager, (Operations & Information Systems), International Banking Group, Mumbai, Head of SBI’s Cash Management, Regional Manager, Branch Head, among others.
An electrical engineer by degree, he is a Certified Associate of Indian Institute of Bankers (CAIIB), Certified Financial Planner (CFP) and has done a Certificate Course in Management from XLRI. He has also served on the Board of International Institute of Bankers, New York, and the Board of University of Washington Global Bankers Programme.
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