Corporate News     10-Jul-23
Board of SBI Cards approves change in MD and CEO
At meeting held on 10 July 2023
The Board of SBI Cards & Payment Services at its meeting held on 10 July 2023 has approved resignation of Rama Mohan Rao Amara, Managing Director & CEO (nominated by State Bank of India) (holding DIN: 08951394) of the Company who has tendered his resignation from directorship of the Company with effect from the close of business hours on 11 August 2023, owing to his transfer back to the State Bank of India.

Appointment of Abhijit Chakravorty as Managing Director & CEO (nominated by State Bank of India) (DIN: 09494533) of the Company with effect from Saturday, 12 August 2023 for a period of two years, subject to necessary approval(s) as may be required including approval of the shareholders at the ensuing Annual General Meeting.

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