SBI Cards and Payment Services Ltd on Monday (February 17) said it has declared an interim dividend of ₹2.50 per share (25% of the face value ₹10) for the financial year 2024-25. The record date for dividend eligibility is February 25, 2025, with payments to be processed by March 18, 2025.
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Additionally, the board has approved the appointment of Salila Pande as the company’s managing director and CEO, effective April 1, 2025, for a two-year term. She will succeed Abhijit Chakravorty, who will retire from the State Bank of India on March 31, 2025. Pande’s appointment is subject to shareholder and regulatory approvals.
“…pursuant to the superannuation of Abhijit Chakravorty from the services of State Bank of India w.e.f. March 31, 2025, approved the appointment of Smt. Salila Pande as Managing Director & CEO (nominated by State Bank of India) of the company with effect from April 1, 2025, for a period of two years, subject to necessary approval(s) as may be required including approval of the shareholders of the company,” SBI Cards said in a regulatory filing.
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Pande is presently a chief general manager at SBI. She is a career banker and joined SBI in 1995 as a probationary officer. She has been a part of the bank, India’s oldest and largest banking group since then. She has gained extensive experience through various roles across the bank in multiple locations.
She has a wealth of experience in international banking, retail banking and risk management, where she has held key positions such as vice president — mid office at SBI Singapore, DGM (business and operations) in Delhi, and president & CEO of SBI California, a foreign subsidiary of the bank.
Shares of SBI Cards and Payment Services Ltd ended at ₹851.50, down by ₹7.10, or 0.83%, on the BSE.
Also Read: SBI Card Q3 Results: Net profit drops 30%, NII down 3.5%; NPAs remain flat
(Edited by : Shoma Bhattacharjee)
First Published: Feb 17, 2025 5:52 PM IST
