SBI Cards and Payment Services Limited announced that Mr. Kamlesh Kumar Shukla, (EVP & Head Internal Audit) heading the Internal Audit Function of the Company is superannuating on February 28, 2023. Accordingly, the Board of Directors of the Company inter alia approved appointment of Mr. Ved Prakash as Executive Vice President & Head- Internal Audit for a period of three years w.e.f. March 1, 2023. Mr. Ved Prakash will succeed as head of internal audit function of SBI Cards and Payment Services Limited (SBI Card) and will be designated as "Executive Vice President & Head - Internal Audit" post superannuation of Mr. Kamlesh Kumar Shukla on February 28, 2023.

Mr. Ved Prakash, Deputy General Manager of State Bank of India (SBI) joined State Bank of India in the year 1994 as Probationary Officer and has a vast experience of over 28 years in various domains of banking including high value credit and Govt business.