SBI Cards and Payment Services Ltd , a leading credit card issuer in India, has announced significant changes in its leadership team, marking a new chapter in the company's management structure.

New Company Secretary Appointed

Payal Mittal Chhabra has been appointed as the new Company Secretary of SBI Cards, effective September 19, 2025. Chhabra, who is also serving as the Chief Compliance Officer, will play a crucial role in ensuring the company's adherence to regulatory requirements and corporate governance standards.

Chief People Officer Transition

In a parallel development, the company has witnessed a change in its human resources leadership. Anita Sontumyra, who previously held the position of Chief People Officer, has resigned from her role effective September 18, 2025. Sontumyra's departure is attributed to her repatriation to State Bank of India, the parent organization of SBI Cards.

New Chief People Officer Takes Charge

Following Sontumyra's resignation, SBI Cards has swiftly filled the vacancy by appointing Avinash Agrawal as the new Chief People Officer, effective September 19, 2025. The Board of Directors approved this appointment based on the recommendation of the Nomination and Remuneration Committee.

Agrawal brings a wealth of experience to his new role:

• Over 30 years of diverse experience in the banking sector
• Previously served as Deputy General Manager with State Bank of India
• Held significant positions including DGM - Business Solutions at SBI's Corporate Centre in Mumbai and DGM - IT roles at GITC Belapur
• Demonstrated leadership in shaping Talent & Human Resources strategies

Educational Background and Expertise

Avinash Agrawal's educational qualifications and professional certifications include:

• Postgraduate degree in Economics
• MBA in Finance
• Certified Associate of the Indian Institute of Bankers (CAIIB)

His expertise spans various domains, including Retail Banking, Branch Operations, Digital Banking, Human Resources, and Information Technology.

Investor Relations Update

In a separate announcement, SBI Cards disclosed that company representatives participated in a conference organized by Jefferies India on September 18, 2025, in Gurugram. The event, which ran from 10:00 AM to 5:50 PM, saw participation from various institutional investors and asset management companies, indicating continued interest in the company's performance and strategy.

These leadership changes and investor engagements underscore SBI Cards' commitment to maintaining strong governance and stakeholder relationships as it navigates the dynamic financial services landscape.

SBI Cards and Payment Services Limited , a leading credit card issuer in India, recently participated in a series of investor relations activities, demonstrating its commitment to transparency and engagement with the financial community.

BoFA Securities Group Call

On September 15, 2025, SBI Cards took part in a group call organized by BoFA Securities from 12:05 PM to 12:50 PM in Gurugram. The call attracted significant attention from the institutional investment community, with 42 participants representing major asset management companies, mutual funds, insurance companies, and international investment firms.

Notable participants in the call included:

• Aditya Birla Sun Life AMC
• Axis Mutual Fund
• Bajaj Allianz Life Insurance
• Citadel Advisors Europe
• HSBC Asset Management
• Nomura Asset Management
• Tata Mutual Fund

The diverse range of participants underscores the broad interest in SBI Cards from various sectors of the financial industry. During the call, the company shared information that was already available in the public domain, maintaining its commitment to fair disclosure practices.

Upcoming Investor Conference

In addition to the group call, SBI Cards has announced its participation in an upcoming investor conference. The company's representatives are scheduled to attend a conference organized by Jefferies India on September 18, 2025, at 10:00 AM. This in-person event will take place in Gurugram, providing another opportunity for the company to engage with investors and analysts.

Commitment to Investor Relations

SBI Cards' active participation in these investor relations activities highlights the company's dedication to maintaining open lines of communication with the investment community. By engaging in group calls and conferences, the company ensures that investors and analysts have access to up-to-date information about its operations and performance.

The company has stated that all information shared during these events is already available in the public domain, reinforcing its adherence to regulatory guidelines and commitment to fair disclosure practices.

As SBI Cards continues to navigate the dynamic credit card industry in India, these investor relations activities serve as crucial touchpoints for the financial community to gain insights into the company's strategies and performance.

Investors and stakeholders interested in following SBI Cards' investor relations activities can find updated information on the company's website at www.sbicard.com .