The SBI Card Board of Directors, meeting on March 5, 2026, declared an Interim Dividend of ₹2.50 per share (25%) for FY 2025-26, setting the Record Date for March 11, 2026. Additionally, the Board approved the four-month extension of Mr. Ved Prakash’s term as EVP & Head – Internal Audit, running until June 30, 2026. The announcement confirms the close of the trading window.
Key Outcomes from March 5, 2026, Board Meeting
Following up on prior intimation, the Board of Directors of SBI Cards and Payment Services Limited convened on March 5, 2026, to approve key corporate actions, including the declaration of an interim dividend and personnel matters.
Interim Dividend Declaration Details
The Board has declared an Interim Dividend for the financial year 2025-26. The dividend amount approved is Rs. 2.50/- (Rupees Two and Fifty Paise), which corresponds to 25% of the equity share’s face value of Rs. 10/- each.
- Record Date: Wednesday, March 11, 2026, for determining entitlement.
- Payment Date: The dividend will be credited or dispatched on or before April 3, 2026.
Extension of Executive Tenure Approved
Further to a prior communication dated January 24, 2023, the Board ratified the extension of the tenure for Mr. Ved Prakash, Executive Vice President & Head – Internal Audit. This decision was made upon the recommendation of the Audit Committee and the Nomination and Remuneration Committee.
Mr. Prakash’s term has been extended for a period of 4 months, effective from March 01, 2026, until June 30, 2026.
Profile Snapshot: Mr. Ved Prakash
Mr. Prakash joined the Company as EVP & Head – Internal Audit on March 01, 2023. Prior to this, he joined State Bank of India (SBI) in 1994 as a Probationary Officer, accumulating over 31 years of diverse banking experience. He holds a Bachelor’s degree in Commerce from Delhi University and is a Certified Associate of the Indian Institute of Bankers.
Trading Window Closure Notice
The Company confirmed that, in line with internal codes and regulations concerning Unpublished Price Sensitive Information (UPSI), the Trading Window for dealing in the Company’s securities remains closed from February 27, 2026, through March 7, 2026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.
Source: BSE
