Sbi Cards And Payment Services Limited has informed the Exchange about change in Management
SBICARD · price
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On the reaction day the stock moved 1.6 pts less than Nifty Midcap 150 and 1.7 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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SBI Cards has informed the stock exchanges that Mr. Shantanu Srivastava, the Chief Risk Officer (CRO) of the company, has resigned from his position citing personal reasons. His last working day will be October 6, 2025, giving the company roughly three months for a transition. The resignation has been disclosed under SEBI's Listing Regulations and RBI's Scale-Based Regulation norms for NBFCs. The company will now need to find a replacement for this key risk management role.
This is a senior management-level exit in a risk-sensitive NBFC, but the reason cited is personal and a three-month notice period ensures continuity. Investors may watch closely for a timely replacement, as a prolonged CRO vacancy could raise governance questions for a regulated financial entity.