Announced Mon, 22 Jun · 13:12 IST
Board approves Chander Kant as EVP and Head-Internal Audit at SBI Cards
Management Changes View source PDF
SBICARD · price
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Price reaction · full curve 14 horizons · vs prior close
-1.8%1-day move
₹618.85
prior close
₹625.75
base price
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AI summary
SBI Cards board approved appointment of Mr. Chander Kant as EVP and Head-Internal Audit for 3 years effective July 01, 2026, based on recommendations of the Audit Committee and Nomination and Remuneration Committee. He has 32 plus years of experience across banking operations, audit, compliance, HR and international banking. Current EVP and Head-Internal Audit Mr. Ved Prakash will step down on June 30, 2026 on completion of his term.
Likely market impact
Routine senior management succession in Internal Audit leadership. No material impact expected on operations or shareholders.