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 Prudential MF on May 29, 2026, at Gurugram. The meeting was conducted under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The session began at 04:20 PM and concluded at 05:20 PM.

The disclosure was submitted to The BSE Limited and The National Stock Exchange of India Limited. The meeting involved sharing information that was already available in the public domain.

The filing was digitally signed by Payal Mittal Chhabra, Chief Compliance Officer and Company Secretary of SBI Cards and Payment Services Limited.