SBI Card & Payments Services Ltd. stated that its Managing Director and Chief Executive Officer Ashwini Kumar Tewari has resigned pursuant to his appointment at State Bank of India. 

"We wish to inform that Ashwini Kumar Tewari, Managing Director & CEO (nominated by State Bank of India) of the company has tendered his resignation from directorship of the company with effect from the close of business hours of Jan. 27, 2020," SBI Card said in a regulatory filing. 

The resignation is owing to his appointment as managing director of State Bank of India, it said. "He will also cease to be the MD & CEO of the company from the said date," said the card company promoted by the country's largest lender SBI.

Tewari took over as SBI Card Managing Director and CEO on August 1, 2020. 

Prior to taking charge at SBI Card, since April 2017, Tewari held the position of country head of U.S. operations at SBI, based in New York. He also served as Vice-chairman of the SBI (California) board of directors.