SBI Cards and Payment Services Limited announced that at its board meeting held on July 10, 2023, approved resignation of Mr. Rama Mohan Rao Amara, Managing Director of the Company who has tendered his resignation from directorship of the Company with effect from the close of business hours on August 11, 2023, owing to his transfer back to the State Bank of India. He will also cease to be the MD of the Company from August 11, 2023.