Interim Dividend Declaration:The Board has approved an interim dividend of Rs. 2.50 per equity share (25% of the face value of Rs. 10/- each) for the financial year 2024-25. The Record Date for determining eligible shareholders is February 25, 2025, and the dividend will be credited or dispatched by March 18, 2025.

Leadership Transition: New MD & CEO Appointed:With the retirement of Mr. Abhijit Chakravorty from the State Bank of India (SBI ) on March 31, 2025, the Board has appointed Smt. Salila Pande as the new Managing Director & CEO of SBI Card. Her tenure will begin on April 1, 2025, for a period of two years, pending necessary approvals, including shareholder consent.

About Salila Pande

Smt. Salila Pande has been nominated by State Bank of India (SBI) and holds no direct relations with existing board members. She adheres to SEBI compliance regulations and has no disqualifications per corporate governance norms.

The latest decisions reinforce SBI Card’s commitment to delivering financial value to shareholders and ensuring a seamless leadership transition. The interim dividend reflects the company’s strong financial health, while the appointment of Smt. Salila Pande signals continued strategic direction under experienced leadership.

These developments reaffirm SBI Card’s adherence to corporate governance and financial stability. Stay tuned for more updates on market trends and financial insights!

Disclaimer

This article is for informational purposes only and does not constitute financial, investment, or legal advice. Readers are advised to conduct their own research and consult with professional advisors before making any investment decisions related to SBI Card and Payment Services Limited. The information provided is based on publicly available data and company disclosures at the time of publication.