SBI Cards and Payment Services Limited announced that pursuant to the vacancy created due the resignation of Mr. Ashwini Kumar Tewari, the Board of Directors of the Company at its meeting held on Saturday, January 30, 2021, inter alia approved appointment of Mr. Rama Mohan Rao Amara as Managing Director & CEO (nominated by State Bank of India) (DIN: 08951394) of the Company with effect from January 30, 2021 for a period of two years, subject to all the requisite approvals including approval of the shareholders. This is to further confirm that Mr. Amara is not related to any of the Directors of the Company. The company further inform that Mr. Rama Mohan Rao Amara is not debarred from holding the office of Director pursuant to any SEBI order or any other such authority as per the circular of the BSE Limited and the National Stock Exchange of India Limited relating to the "Enforcement of SEBI Orders regarding appointment of Directors" by the listed companies dated June 20, 2018.