SBI Cards appoints Chander Kant as EVP & Head-Internal Audit
SBI Cards and Payment Services Limited appointed Mr. Chander Kant as Executive Vice President and Head-Internal Audit for a three-year term starting July 01, 2026. The Board approved the appointment based on committee recommendations, succeeding Mr. Ved Prakash who demits office on June 30, 2026.
*this image is generated using AI for illustrative purposes only.
SBI Cards and Payment Services Limited has appointed Mr. Chander Kant as the Executive Vice President (EVP) and Head-Internal Audit for a period of 3 years effective July 01, 2026. The appointment was approved by the Board of Directors during its meeting held on June 22, 2026, based on the recommendations of the Audit Committee and the Nomination and Remuneration Committee. This leadership change impacts the company's internal audit oversight as the current incumbent prepares to exit.
Mr. Ved Prakash, the existing EVP & Head-Internal Audit, will demit office upon the completion of his term at the close of business hours on June 30, 2026. The transition ensures continuity in the audit function as Mr. Kant steps into the role. The Board meeting commenced at 11:30 A.M. and concluded at 01:02 P.M. on the same day.
Profile of Mr. Chander Kant
Mr. Chander Kant brings over 32 years of experience across banking operations, audit, compliance, human resources, and the international banking domain. Prior to this appointment, he was associated with Channel Management, where he oversaw Financial Inclusion, Anytime Channel, Customer Solutions & Business Facilitation (Contact Centre), and Third-party management. His career includes key leadership assignments in regional administration, branch banking, international operations, and audit.
| Appointee | Role | Tenure | Effective Date |
|---|---|---|---|
| Mr. Chander Kant | EVP & Head-Internal Audit | 3 years | July 01, 2026 |
The disclosure was made in compliance with Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has been uploaded to the company's official website.
Historical Stock Returns for SBI Cards
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.07% | -2.26% | -2.03% | -29.92% | -36.44% | -34.93% |
How will Mr. Kant's extensive background in channel management and financial inclusion influence the strategic direction of SBI Cards' internal audit function?
What specific changes to internal control frameworks or compliance protocols are anticipated under Mr. Kant's leadership given his diverse operational experience?
How might this leadership transition impact SBI Cards' ability to navigate evolving regulatory landscapes in the financial services sector?
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