SBI Cards and Payment Services Limited has informed the Exchange about change in Management
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SBI Cards has appointed Mr. Krishna Kant Bishnoi as the new Chief Risk Officer effective July 14, 2025, replacing Mr. Shantanu Srivastava who resigned on July 9, 2025. Mr. Bishnoi is a Deputy General Manager at parent State Bank of India with 31 years of banking experience across credit risk, treasury, and international banking, and holds the FRM designation from GARP. The Board also approved the appointment of M/s Agarwal S. & Associates as Secretarial Auditors for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval. The new auditor firm, established in 2003, has experience working with listed entities and public sector undertakings.
This is a routine senior management transition with the new CRO coming from the parent SBI, which should ensure continuity in risk oversight. The change is unlikely to materially impact the stock, though investors may note the relatively quick replacement of the outgoing CRO.