
Management Change22 Jun 2026, 01:13 pm
SBI Cards Appoints Chander Kant as EVP & Head-Internal Audit
AI Summary
SBI Cards and Payment Services Ltd announced the appointment of Mr. Chander Kant as EVP & Head-Internal Audit for a three-year term, effective July 1, 2026. This decision was approved by the Board of Directors on June 22, 2026, following recommendations from the Audit Committee and Nomination and Remuneration Committee. Mr. Kant brings over 32 years of experience in banking operations, audit, compliance, and international banking. He will succeed Mr. Ved Prakash, whose term concludes on June 30, 2026. The board meeting commenced at 11:30 AM and concluded at 1:02 PM.
Key Highlights
- Chander Kant appointed EVP & Head-Internal Audit for 3 years.
- Appointment effective from July 01, 2026.
- Mr. Kant has 32+ years of diverse banking experience.
- Current Head-Internal Audit, Ved Prakash, demits office June 30, 2026.
Price Impact
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