The SBI Card Board of Directors has declared an Interim Dividend of Rs. 2.50 (25%) per equity share (Face Value Rs. 10) for FY 2025-26. The Record Date is set for Wednesday, March 11, 2026, with payment due by April 3, 2026. Additionally, the board approved the four-month extension of Mr. Ved Prakash’s term as EVP & Head – Internal Audit, concluding on June 30, 2026.
Interim Dividend Announcement for FY 2025-26
Following its meeting held on March 5, 2026, the Board of Directors of SBI Cards and Payment Services Limited has announced the declaration of an Interim Dividend for the current financial year (2025-26).
Dividend Details
- Dividend Amount: Rs. 2.50/- (Rupees Two and Fifty Paise) per equity share.
- Percentage: This equates to 25% of the face value.
- Face Value: Rs. 10/- each.
- Record Date: Wednesday, March 11, 2026, to determine entitlement for payment.
- Payment Timeline: The dividend will be credited or dispatched on or before April 3, 2026.
Extension of Executive Tenure
The Board also formalized the extension of the term for a key internal leadership position, based on recommendations from the Audit Committee and the Nomination and Remuneration Committee.
- Executive: Mr. Ved Prakash, Executive Vice President & Head – Internal Audit.
- Extension Period: An additional 4 months.
- New Term End Date: From March 01, 2026, to June 30, 2026.
Profile Summary: Mr. Ved Prakash
Mr. Ved Prakash joined SBI Cards on March 01, 2023, to lead the Internal Audit Function. Prior to this role, he joined State Bank of India (SBI) in 1994 as a Probationary Officer. He possesses over 31 years of extensive banking experience across various 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 Update
In adherence to internal codes and regulations concerning Unpublished Price Sensitive Information, the Trading Window for dealing in the Company’s securities remains closed from February 27, 2026, through March 7, 2026 (both days inclusive). The Board meeting commenced at 6:30 P.M. and concluded at 07:46 P.M. on March 5, 2026.
Source: BSE
