Hardayal Prasad new Managing Director, CEO of SBI Card

February 5, 2018

Hardayal Prasad has been appointed as Managing Director and CEO of SBI Card, the credit card issuer said in a statement today.

Prasad takes over from Vijay Jasuja who retired on January 31. His appointment is effective February 1, 2018. Prasad joined State Bank of India as a Probationary Officer in 1983, gaining experience in many areas of banking. He has served in several locations spread across different circles and abroad, SBI Card said.

“As a leading card issuer with extensive reach across the country, we believe we can contribute significantly to India’s digital revolution. We are committed to partnering in the endeavour to create a cashless society,” Prasad said. SBI Card has a customer base of over 5.7 million and a market share of 16 per cent.

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