SBI Cards and Payment Services has appointed Smt. Parvathy Vairava Sundaram as an additional Independent Director to its Board, effective December 09, 2025. Sundaram’s term will last three years, concluding on December 08, 2028, subject to shareholder approval. She is not related to any current directors and meets the required criteria for the position.
Independent Director Appointment
The Board of Directors of SBI Cards and Payment Services has approved the appointment of Smt. Parvathy Vairava Sundaram (DIN: 07005574) as an additional Independent Director. The appointment was made effective December 09, 2025.
Term and Approval
Smt. Parvathy Vairava Sundaram’s term on the Board will be for three years, commencing on December 09, 2025 and concluding on December 08, 2028. This appointment is subject to the approval of the company’s shareholders.
Director Independence
The company confirms that Smt. Parvathy Vairava Sundaram is not related to any of the existing Directors. Further, she is not debarred from holding the office of Director by any regulatory authority.
Profile Overview
Smt. Parvathy Vairava Sundaram began her career in commercial banking before transitioning to central banking, where she worked extensively across various departments of the Reserve Bank of India (RBI). She has also served as RBI’s nominee in several banks and international training institutions, and as Executive Director at the RBI until her superannuation in November 2019.
Experience Highlights
Her work encompassed central banking regulation and supervision, including oversight of the Asset Quality Review, the migration of banks to Risk Based Supervision (RBS), and the development of models for small foreign banks. She contributed to refining PCA guidelines and was part of RBI study groups on lending rates and the establishment of a Public Credit Registry in India. Currently, she is a member of the Standing External Advisory Committee for licencing of banks.
Source: BSE
