Sbi Cards And Payment Services Limited has informed the Exchange regarding Appointment of M/s Agarwal S. & Associates as Secretarial Auditor of the company w.e.f. July 14, 2025.
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SBI Cards' board, at its July 14, 2025 meeting, approved the appointment of Mr. Krishna Kant Bishnoi as the new Chief Risk Officer, effective the same day. He replaces Mr. Shantanu Srivastava, who had resigned from the role on July 9, 2025. Bishnoi is a Deputy General Manager at State Bank of India with 31 years of banking experience spanning credit risk, treasury, and international banking. The board also appointed M/s Agarwal S. & Associates, Company Secretaries, as the Secretarial Auditor for five consecutive financial years from FY 2025-26 to FY 2029-30, subject to shareholder approval. Both appointments are part of routine governance and compliance strengthening.
These are routine governance changes with no direct material impact on the company's financials or share price. The new CRO brings deep risk management experience from the parent SBI, which may reassure investors on credit risk oversight. The long-term secretarial auditor appointment signals continuity in compliance practices.