In a move aimed at preserving governance continuity, SBI Cards and Payment Services Limited disclosed that its board has approved a four-month extension of Ved Prakash’s tenure as Executive Vice President & Head of Internal Audit, extending from March 1 to June 30, 2026. The decision, taken at the March 5 board meeting, reinforces the company’s emphasis on stable oversight of risk and controls amid a dynamic payments landscape.
Ved Prakash, who joined SBI Cards in March 2023, leads the internal audit function. The company’s brief profile notes his long career in banking—spanning about 31 years—with a background that includes a stint as Deputy General Manager with State Bank of India. He holds a bachelor’s degree in Commerce from Delhi University and is a Certified Associate of the Indian Institute of Bankers. His extended tenure underlines the board’s intent to maintain continuity in governance and financial controls during a period of ongoing growth for the card and payments business.