Shareholders have approved the appointment of Mr. Challa Sreenivasulu Setty as a Nominee Director and Chairman of the Board for SBI Cards and Payment Services Ltd., effective November 22, 2024. Mr. Setty brings over three decades of extensive banking experience, having served in various key roles, including as a Managing Director at State Bank of India (SBI). His career includes leadership in Retail & Digital Banking, International Banking, and Global Markets. He holds a Bachelor's degree in Agriculture and is a Certified Associate of the Indian Institute of Bankers. With this appointment, the company anticipates enhanced leadership, potentially positioning it for stronger strategic growth in the competitive credit card and payment services market.
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