SBI Card Announces ₹2.50 Interim Dividend for FY26, Record Date Set for March 11

New Delhi, March 5, 2026: SBI Cards and Payment Services Limited (SBI Card) has announced an interim dividend of ₹2.50 per equity share for the financial year 2025-26. The decision was approved by the company’s Board of Directors during its meeting held on March 5, 2026.

The declared dividend represents 25% of the face value of ₹10 per share. The company has fixed March 11, 2026 as the record date to determine shareholders eligible to receive the dividend.

According to the company’s disclosure to the stock exchanges, the interim dividend will be credited or dispatched to eligible shareholders on or before April 3, 2026.

Extension of Internal Audit Head’s Tenure

In another decision taken during the board meeting, SBI Card approved the extension of the tenure of Mr. Ved Prakash as Executive Vice President and Head – Internal Audit. His term has been extended for four months, from March 1, 2026 to June 30, 2026, based on recommendations from the Audit Committee and the Nomination and Remuneration Committee.

Mr. Ved Prakash joined SBI Card in March 2023 and currently oversees the company’s internal audit functions. Before joining the company, he served with State Bank of India, where he worked for over three decades in various roles across banking operations, high-value credit, and government business.

A Deputy General Manager at SBI, Ved Prakash began his banking career in 1994 as a Probationary Officer. He holds a Bachelor’s degree in Commerce from University of Delhi and is also a Certified Associate of the Indian Institute of Bankers (CAIIB).

Board Meeting Details

The board meeting of SBI Card began at 6:30 PM and concluded at 7:46 PM on March 5, 2026. The company also confirmed that the trading window for dealing in its securities remains closed from February 27 to March 7, 2026, in accordance with insider trading regulations.

SBI Card is one of India’s leading credit card issuers and operates as a listed subsidiary of State Bank of India, offering a wide range of credit card products and digital payment solutions.