SBI Cards and Payment Services Limited appointed Saurav Ghosh as Chief Operating Officer for a two-year term beginning June 21, 2026. The Board of Directors approved the appointment during its meeting held on May 30, 2026, based on the recommendation of the Nomination and Remuneration Committee.
Saurav Ghosh has more than 24 years of experience across banking operations, human resources, credit management, regulatory compliance, and digital transformation in both domestic and international banking sectors. His experience includes handling large-scale operational assignments with focus on organizational effectiveness and stakeholder service across various banking operations.
Ashutosh Kumar Sharma, the current Chief Operating Officer of SBI Cards, will demit office at the close of business on June 20, 2026, upon completion of his existing term. Saurav Ghosh's appointment as the new Chief Operating Officer takes effect from June 21, 2026, the day after Sharma completes his term and steps down from the position.
The Nomination and Remuneration Committee evaluated Ghosh and recommended him for the COO position to the Board of Directors. SBI Cards disclosed this change in senior management to BSE Limited and the National Stock Exchange of India Limited.
The Board meeting for this decision commenced at 4:00 p.m. and concluded at 5:52 p.m. on May 30, 2026.
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.