SBI Card on Monday said its parent State Bank of India (SBI) has appointed Abhijit Chakravorty as Managing Director and CEO.

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He will replace Rama Mohan Rao Amara, who will cease to be MD from August 11.

Chakravorty's appointment would be effective from August 12 for a period of two years, SBI Card said in a regulatory filing.

Starting his banking career as a Probationary Officer with SBI in 1988, Chakravorty is currently a Deputy Managing Director of the bank.