New Delhi, Jul 10 (PTI) SBI Card on Monday said its parent State Bank of India (SBI) has appointed Abhijit Chakravorty as Managing Director and CEO.

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

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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.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)