SBI Cards director resigns due to State Bank of India role

Mr. Shamsher Singh, a non-executive nominee director of SBI Cards and Payment Services Limited, has resigned from the company's board of directors, effective at the close of business hours on November 13, 2025. His resignation stems from his inability to dedicate sufficient time to board matters due to demands from his role at the State Bank of India, which nominated him to the position.

Mr. Singh communicated his resignation on November 12, 2025. The company expressed its sincere appreciation for his valuable contributions and guidance during his tenure.

This change was disclosed to both the BSE Limited and the National Stock Exchange of India Limited as per SEBI regulations. The announcement confirms that the company's website, www.sbicard.com, will also reflect this update.