SBI Cards Appoints Saurav Ghosh as New COO

Summary of Key Information:

Nature of Filing / Announcement: Disclosure under Regulation 30 and 51 of SEBI LODR Regulations - Outcome of Board Meeting - Change in Senior Management

Corporate Actions:

The Board of Directors approved the appointment of Mr. Saurav Ghosh as Chief Operating Officer of the Company for a period of 2 years with effect from June 21, 2026.

The appointment was based on the recommendation of the Nomination and Remuneration Committee.

Management Changes:

Mr. Ashutosh Kumar Sharma, current Chief Operating Officer, shall demit office upon completion of his term at the closure of business hours on June 20, 2026.

Executive Profile:

Mr. Saurav Ghosh has over 24 years of experience across banking operations, HR, credit management, regulatory compliances, and digital transformation in domestic and international banking domains.

He has extensive experience in handling large-scale strategic and operational assignments with strong emphasis on organizational effectiveness, stakeholder service, operational excellence, and regulatory compliance.