SBI Cards Declares ₹2.50 Interim Dividend with March 11 Record Date
SBI Cards and Payment Services announced an interim dividend of ₹2.50 per equity share (25% of face value) for financial year 2025-26, with record date set for March 11, 2026 and payment by April 3, 2026. The board meeting also approved extension of Mr. Ved Prakash's term as Executive Vice President & Head-Internal Audit for four months until June 30, 2026.
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SBI Cards and Payment Services has declared an interim dividend of ₹2.50 per equity share for the financial year 2025-26, following a board meeting held on March 5, 2026. The announcement was made through an official regulatory filing to BSE and NSE under Regulation 30.
Board Meeting Outcomes
The Board of Directors approved the interim dividend distribution during their meeting that commenced at 6:30 PM and concluded at 7:46 PM on March 5, 2026. The dividend represents 25% of the face value of ₹10 per equity share.
| Parameter: | Details |
|---|---|
| Dividend Amount: | ₹2.50 per equity share |
| Dividend Type: | Interim Dividend |
| Financial Year: | 2025-26 |
| Record Date: | March 11, 2026 |
| Payment Date: | On or before April 3, 2026 |
| Face Value: | ₹10 per share |
Payment Timeline and Eligibility
Shareholders will need to hold their equity shares as of the record date of Wednesday, March 11, 2026, to be eligible for the dividend payment. The company has committed to crediting or dispatching the interim dividend on or before April 3, 2026.
Leadership Extension
In addition to the dividend announcement, the board also approved the extension of Mr. Ved Prakash's term as Executive Vice President & Head-Internal Audit for four months, from March 1, 2026, to June 30, 2026. Mr. Ved Prakash joined SBI Cards and Payment Services Limited on March 1, 2023, and is responsible for leading the company's Internal Audit Function.
| Executive Details: | Information |
|---|---|
| Name: | Mr. Ved Prakash |
| Position: | Executive Vice President & Head-Internal Audit |
| Extended Term: | March 1, 2026 to June 30, 2026 |
| Experience: | Over 31 years in banking |
| Qualifications: | Commerce graduate, Certified Associate of Indian Institute of Bankers |
| Previous Role: | Deputy General Manager, State Bank of India |
Regulatory Compliance
The company has informed that the trading window for dealing in securities remains closed from February 27, 2026, to March 7, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's code of conduct. The official communication was signed by Payal Mittal Chhabra, Chief Compliance Officer & Company Secretary, and has been uploaded on the company's website at www.sbicard.com .
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