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.

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.

SBI Cards and Payment Services Ltd. recorded a notable block trade on the National Stock Exchange (NSE), with approximately 467,632 shares transacted at a price of ₹624.40 per share, aggregating to a total deal value of ₹29.20 crores.

Block Trade Details

The following table summarises the key parameters of the block trade executed on the NSE:

Block trades of this scale on the NSE are typically associated with institutional investors or large market participants executing bulk transactions outside the regular order book, reflecting significant interest in the stock at the prevailing price level.