SBI Cards Announces New CEO and Interim Dividend

SBI Cards and Payment Services Ltd has made two significant announcements today. The company has appointed Salila Pande as its new Managing Director & CEO, effective April 1, 2025, for a two-year term. Pande, currently a Chief General Manager at State Bank of India, brings extensive banking experience to the role. She will succeed Abhijit Chakravorty, who is set to retire on March 31, 2025.

In addition, SBI Cards has declared an interim dividend of Rs 2.5 per equity share for FY25. The record date for this dividend has been set as February 25, 2025. This announcement comes as part of the company's ongoing commitment to shareholder value.
Source: MoneyControl