SBI Cards and Payment Services Limited — Others, 29-03-2025: Change in Director(s)

SBI Cards and Payment Services Ltd. has announced a board meeting where it noted key changes in directorship. Mr. Abhijit Chakravorty will resign as Managing Director & CEO effective March 31, 2025, due to his superannuation from State Bank of India. Additionally, Mr. Nitin Chugh has stepped down as Non-executive Nominee Director effective March 29, 2025, citing time constraints from his banking role. These changes may lead to a shift in strategic direction and governance at SBI Cards, potentially impacting investor sentiment. Stakeholders should remain vigilant for future leadership announcements during this transitional phase.