New Delhi: SBI Cards and Payment Services Ltd. has received shareholder approval for the appointment of Smt. Anuradha Rao and Smt. Parvathy Vairava Sundaram as Independent Directors on its board, the company announced today.
The appointments were approved via postal ballot resolution dated 6 February 2026.
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Smt. Anuradha Rao will serve a three-year term from 13 November 2025 to 12 November 2028. She brings nearly four decades of experience in banking and financial services, having served as Deputy Managing Director (Strategy and Digital Banking) at SBI, CEO of SBI Funds Management Ltd., and held directorships at the National Stock Exchange and several NBFCs.
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Smt. Parvathy Vairava Sundaram will serve a three-year term from 9 December 2025 to 8 December 2028. She has extensive experience in central banking regulation and supervision, having worked across multiple departments of the Reserve Bank of India (RBI), including oversight of the Asset Quality Review and the Risk-Based Supervision framework, and was an Executive Director at the RBI before her retirement in November 2019.
Neither of the appointees is related to any existing director of the company, and both comply with SEBI regulations for independent directors.
The company has also uploaded the appointments on its official website: www.sbicard.com.
About SBI Cards & Payment Services:
SBI Cards is a leading credit card issuer in India, serving millions of customers with a focus on technology-driven payment solutions. It is a subsidiary of the State Bank of India and is listed on both the BSE and NSE.