SBI Cards Appoints Mr. Chander Kant as EVP & Head-Internal Audit
SBI Cards appointed Mr. Chander Kant as EVP & Head-Internal Audit for 3 years from July 01, 2026. Mr. Kant has 32+ years of experience. Mr. Ved Prakash will demit office on June 30, 2026.
The appointment of a new head of internal audit is a standard corporate governance procedure and is unlikely to have a significant immediate impact on the company's operations or stock performance.
The announcement concerns a routine senior management change and does not inherently suggest a positive or negative shift in the company's performance or outlook.
SBI Cards and Payment Services Limited announced key changes in its senior management following a Board of Directors meeting held on June 22, 2026. The Board approved the appointment of Mr. Chander Kant as the new EVP & Head-Internal Audit for a tenure of 3 years, effective July 01, 2026. This appointment is based on the recommendations from the Audit Committee and the Nomination and Remuneration Committee.
Mr. Kant brings over 32 years of extensive experience in banking operations, audit, compliance, human resources, and international banking. His prior roles include significant leadership positions in regional administration, branch banking, international operations, and audit, with his current responsibilities encompassing channel management, financial inclusion, customer solutions, and third-party management.
Concurrently, Mr. Ved Prakash, the outgoing EVP & Head-Internal Audit, will demit office upon the completion of his term at the close of business hours on June 30, 2026. The Board meeting commenced at 11:30 A.M. and concluded at 01:02 P.M.
What to do with a filing like this
SBI Cards and Payment Services Limited filed this with the NSE as a statutory disclosure, categorised under key management 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.