SBI Cards and Payment Services Limited has informed BSE and NSE that its board met on June 22, 2026. The Board of Directors approved a change in senior management with the appointment of Mr. Chander Kant as EVP and Head of Internal Audit.
Chander Kant will serve a three-year term effective from July 1, 2026. The appointment was based on recommendations from the Audit Committee and the Nomination and Remuneration Committee.
Mr. Ved Prakash, the outgoing EVP and Head of Internal Audit, will demit office at the close of business hours on June 30, 2026, upon completion of his term.
Chander Kant has over 32 years of experience across banking operations, audit, compliance, human resources, and international banking. His leadership roles have spanned regional administration, branch banking, international operations, and audit. He currently oversees channel management, which includes financial inclusion, anytime channel, customer solutions, business facilitation, and third-party management.
The board meeting commenced at 11:30 AM and concluded at 1:02 PM on June 22, 2026. The disclosure was made under Regulation 30 and 51 of the SEBI Listing Regulations and filed with BSE under scrip code 543066 and with NSE under symbol SBICARD. The information has also been published on the SBI Cards website.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.