SBI Cards Declares ₹2.50 Interim Dividend, Appoints New CEO

SBI Cards and Payment Services Ltd has announced an interim dividend of ₹2.50 per share for the financial year 2024-25. The record date for dividend eligibility is set for February 25, 2025, with payments to be processed by March 18, 2025. In a significant leadership change, the company has appointed Salila Pande as the new Managing Director and CEO, effective April 1, 2025, for a two-year term. Pande, currently a Chief General Manager at SBI, will succeed Abhijit Chakravorty, who is set to retire on March 31, 2025. This appointment is subject to shareholder and regulatory approvals. The news comes as SBI Cards continues to maintain a strong market position with a 17.8% share in spends for FY 2023-24.

 

Sources: CNBC TV18, NDTV Profit, Moneycontrol