SBI Cards Appoints New EVP and Head of Internal Audit; Existing Executive Set to Demit Office
SBI Cards and Payment Services Limited has announced significant changes in its senior management, appointing Mr. Chander Kant as the new Executive Vice President (EVP) and Head of Internal Audit. The company also confirmed that Mr. Ved Prakash, the incumbent EVP and Head of Internal Audit, will conclude his tenure.The Board of Directors of SBI Cards approved the appointment of Mr. Chander Kant for a period of three years. This position is set to be effective starting July 01, 2026, and was finalized following recommendations from the Audit Committee and Nomination and Remuneration Committee.
Concurrent with this new appointment, the company announced that Mr. Ved Prakash will demit office as EVP and Head of Internal Audit upon completion of his term on June 30, 2026.
Mr. Kant brings extensive experience spanning over 32 years across various domains including banking operations, compliance, audit, human resources, and international banking. Currently, Mr. Kant is associated with Channel Management, where he oversees Financial Inclusion, Anytime Channel, Customer Solutions & Business Facilitation (Contact Centre), and Third-party management.
His previous leadership roles have covered regional administration, Branch banking, international operations, and Audit functions.
SBICARD Stock Price Movement
Shares of SBI Cards and Payment Services Limited are edging higher to ₹626.45 as of 1:36 PM today, gaining 1.55% in live trading. The stock continues to move actively, with 771,922 shares traded during the current market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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