SBI Cards Declares Interim Dividend, Extends Tenure of Internal Audit Head

An update from SBI Cards & Payment Services Ltd ( (IN:SBICARD) ) is now available.

SBI Cards & Payment Services Ltd has declared an interim dividend of Rs 2.50 per equity share, or 25% on a face value of Rs 10, for the financial year 2025-26, with March 11, 2026 set as the record date and payment to be completed by April 3, 2026. The board also approved a four-month extension of Ved Prakash’s term as Executive Vice President and Head of Internal Audit until June 30, 2026, underscoring continuity in oversight and governance as the company manages regulatory and market demands.

The company has kept its trading window closed from February 27 to March 7, 2026 in line with SEBI insider trading regulations, reflecting adherence to disclosure and compliance norms around price-sensitive information. Ved Prakash, a senior State Bank of India officer with over three decades of banking experience, continues to lead SBI Cards’ internal audit function, supporting robust risk management and internal control frameworks for the fast-growing card issuer.

More about SBI Cards & Payment Services Ltd

SBI Cards & Payment Services Ltd is a leading Indian credit card issuer, offering a wide portfolio of consumer and corporate card products across retail, co-branded and corporate segments. The company operates in the payments and consumer finance space, focusing on expanding digital card usage and strengthening its position in India’s fast-growing card and payments market.

Average Trading Volume: 51,427

Technical Sentiment Signal: Sell

Current Market Cap: 710.4B INR

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