SBI Card CEO Hardayal Prasad resigns | Ashwini Tewari | theganimikava

Hardyal Prasad, chief executive officer (MD) and chief executive officer (CEO) of the SBI Card and Payment Services (SBI Card), resigned under voluntary retirement. He voluntarily withdrew from the State Bank of India (SBI). SBI is the promoter company of the SBI Card. Hardayal was appointed General Director of SBI Cards by the Banco del Estado.

SBI Card CEO Hardayal Prasad resigns | Ashwini Tewari | theganimikava
SBI Card CEO Hardayal Prasad resigns
SBI Card CEO Hardayal Prasad resigns | Ashwini Tewari | theganimikava

SBI Card said in a communication sent to BSE: "We would like to say that the company's board of directors at the meeting held on Wednesday July 15, 2020, the resignation of Hardayal Prasad, MD and CEO of the company (nominated by the promoter State Bank of India.) Approved. Resigned as company director. Prasad took over as MD and CEO of SBI Card in February 2018. His resignation will take effect from the closing of business on July 31, 2020.

The company said that the board of directors appointed Ashwini Kumar Tiwari as MD and CEO of the company (nominated by SBI) for a period of two years from August 1, 2020. Tiwari's appointment has yet to be approved by the shareholders at the next meeting. annual general meeting. SBI Card said Tiwari is not related to any director of the company.

Tiwari, 52, holds a BE title from BITS Ranchi. He joined SBI in August 1991 as a probationary officer. He has held leadership positions in various positions at SBI and is currently the chief operating officer of the United States.