The Board of Directors of SBI Card, following its meeting on March 5, 2026, has declared an Interim Dividend of ₹2.50 per equity share (25%) for FY 2025-26. Additionally, the Board approved the extension of Mr. Ved Prakash’s term as EVP & Head – Internal Audit until June 30, 2026. The Record Date for the dividend entitlement is set for March 11, 2026.
Interim Dividend Declared for FY 2025-26
In a continuation of earlier intimations, the Board of Directors of SBI Card and Payment Services Limited, after meeting on March 5, 2026, officially declared an Interim Dividend. The dividend amount is set at Rs. 2.50/- (Rupees Two and Fifty Paise), which translates to 25% per equity share with a face value of Rs. 10/- each, specifically for the financial year 2025-26.
For the purpose of determining shareholder entitlement to this dividend payment, the Record Date has been fixed as Wednesday, March 11, 2026. The dividend funds are scheduled to be credited or dispatched to eligible shareholders on or before April 3, 2026.
Extension of Executive Tenure Approved
Further to a previous communication dated January 24, 2023, the Board has approved a key personnel decision. Based on the recommendations of the Audit Committee and the Nomination and Remuneration Committee, the term of Mr. Ved Prakash as Executive Vice President & Head – Internal Audit has been extended. This extension covers a period of 4 months, running from March 01, 2026, to June 30, 2026.
Profile Snapshot of Mr. Ved Prakash
Mr. Ved Prakash initially joined SBI Cards on March 01, 2023. He is responsible for leading the Internal Audit Function of the Company. His background includes joining State Bank of India (SBI) in 1994, and he possesses vast experience spanning over 31 years in banking domains, including high-value credit and government business. He holds a Bachelor’s degree in Commerce and is a Certified Associate of the Indian Institute of Bankers.
Trading Window Closure Details
In adherence to regulatory codes regarding Insider Trading, the Trading Window for dealing in the securities of the Company remains closed. This closure commenced on the 27th Day of February 2026 and will remain shut until the 7th day of March, 2026 (both days inclusive).
The Board Meeting commenced at 6:30 P.M. and concluded by 07:46 P.M. on the date of the announcement.
Source: BSE
