SBI Cards Appoints Anuradha Rao and Parvathy Vairava Sundaram as Independent Directors
SBI Cards shareholders approved the appointment of Smt. Anuradha Rao and Smt. Parvathy Vairava Sundaram as Independent Directors. Rao's term is from Nov 13, 2025, to Nov 12, 2028. Sundaram's term is from Dec 9, 2025, to Dec 8, 2028. Both appointments are for three years.
The appointment of independent directors is a routine governance activity and is unlikely to have a significant immediate impact on the company's operations, financial performance, or stock price. It is a necessary step for maintaining corporate governance standards.
The announcement pertains to the routine appointment of independent directors, which is a standard corporate governance procedure and does not inherently indicate a positive or negative change in the company's financial performance or outlook.
SBI Cards and Payment Services Limited announced that its shareholders have approved the appointment of Smt. Anuradha Rao and Smt. Parvathy Vairava Sundaram as Additional Independent Directors on the Board of the Company via postal ballot resolution dated February 6, 2026.
Smt. Anuradha Rao has been appointed as an Independent Director for a term of three years, effective November 13, 2025, until November 12, 2028. She brings nearly four decades of experience in the Banking and Financial Services sector, having previously held positions such as Deputy Managing Director (Strategy and Digital Banking) at the State Bank of India and Managing Director and Chief Executive Officer of SBI Funds Management Limited. She has also served on the boards of the National Stock Exchange of India Limited and several NBFCs.
Smt. Parvathy Vairava Sundaram has been appointed as an Independent Director for a term of three years, effective December 9, 2025, until December 8, 2028. Her career spans commercial and central banking, with extensive experience in various departments of the Reserve Bank of India (RBI). She served as an Executive Director at the RBI until her superannuation in November 2019. Her responsibilities included oversight of the Asset Quality Review, migration to Risk Based Supervision (RBS), and development of the Small Bank Variant Model. She has also been a member of important RBI committees, including the Internal Study Group to Review the Working of the MCLR System and the High-Level Task Force for a Public Credit Registry.
Both appointees are not related to any existing Director of the Company and are not debarred from holding directorships. The company has uploaded this information on its website, www.sbicard.com.
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SBI Cards and Payment Services Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by SBI Cards and Payment Services Limited. Read the original for the full detail.