SBI Card Declares Interim Dividend of ₹2.50/Share; Extends EVP Ved Prakash's Term
SBI Cards declared an interim dividend of ₹2.50 per share for FY25-26, with a record date of March 11, 2026. The company also extended the term of Mr. Ved Prakash, EVP & Head-Internal Audit, by four months until June 30, 2026.
The interim dividend payout will impact the company's cash reserves. The extension of a key management role provides continuity, which is moderately impactful.
The declaration of an interim dividend is a positive sign for shareholders. The extension of a key management member's term also indicates stability.
SBI Cards and Payment Services Limited announced the outcome of its Board Meeting held on March 5, 2026. The Board declared an interim dividend of ₹2.50 per equity share (25%) for the financial year 2025-26. The record date for this dividend is set for Wednesday, March 11, 2026, with the payment to be made on or before April 3, 2026.
Furthermore, the Board approved the extension of Mr. Ved Prakash's term as Executive Vice President & Head-Internal Audit. His term has been extended by four months, from March 1, 2026, to June 30, 2026, upon the recommendation of the Audit Committee and Nomination and Remuneration Committee.
Mr. Ved Prakash, who joined SBI Cards on March 1, 2023, is responsible for leading the Internal Audit Function. He has over 31 years of experience in banking, having joined State Bank of India in 1994. He holds a Bachelor's degree in Commerce from Delhi University and is a Certified Associate of the Indian Institute of Bankers.
The Board meeting commenced at 6:30 PM and concluded at 7:46 PM. In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the company's securities was closed from February 27, 2026, to March 7, 2026.
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SBI Cards and Payment Services Limited filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by SBI Cards and Payment Services Limited. Read the original for the full detail.