SBI Cards and Payment Services Limited has appointed Mr. Saurav Ghosh as its new Chief Operating Officer for a period of two years, effective June 21, 2026. The appointment was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee. Mr. Ghosh brings over 24 years of experience across banking operations, HR, credit management, regulatory compliances, and digital transformation in the domestic and international banking sectors.

Mr. Ashutosh Kumar Sharma, the current Chief Operating Officer, will demit office upon the completion of his term at the close of business hours on June 20, 2026. The transition marks a change in the senior management structure of the company.

The Board meeting was held on May 30, 2026, commencing at 4.00 p.m. and concluding at 5.52 p.m. The disclosure was made pursuant to Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Appointments and Changes

Mr. Ghosh has extensive experience in handling large-scale strategic and operational assignments, with a strong emphasis on organizational effectiveness, stakeholder service, operational excellence, and regulatory compliance.

SBI Cards and Payment Services Limited held a one-on-one meeting with ICICI Securities on May 19, 2026. The meeting was conducted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The session took place in Gurugram, starting at 12:00 Noon and concluding at 01:00 PM. The disclosure regarding this interaction was made to the stock exchanges on the same day.

Meeting Details

The following table provides details of the investor/analyst meet:

Key Information

During the meeting, the company shared information that is already available in the public domain. No new material information or unpublished price-sensitive information was disclosed. The details of the meeting have also been uploaded on the official website of sbi cards .