SBI Cards shares in focus after firm declares Rs 2.5 interim dividend for FY26, announces record date

The shares of SBI Cards and Payment Services will remain in focus on Friday after the company declared an interim dividend of Rs 2.5 per equity share for the financial year 2026. In an exchange filing released in the post market hours of Thursday, the company announced that its board has declared the interim dividend, with the record date being set on March 11. This means that a shareholder has to own the shares of the company on March 11 in order to be eligible for the dividend payment. The dividend will be paid on or before April 3 this year.

Along with the dividend, the company also announced that the board has approved the extension of the term of Ved Prakash as Executive Vice President & Head - Internal Audit for a period of four months, from March 01, 2026 to June 30, 2026. Prakash joined SBI Cards and Payment Services in 2023. Prior to that, he had joined State Bank of India (SBI) in 1994 as Probationary Officer.

The shares of the company closed marginally higher in the green earlier yesterday, rising 0.56% to Rs 730.65 apiece. The shares of the company have fallen more than 6% in the past five days, and over 3% in the past one month. The stock is down nearly 15% in 2026 so far.


The company currently has a market capitalisation of Rs 69,527 crore. The stock’s P/E ratio stands at 33.06.

Back in January, SBI Cards reported a net profit of Rs 556.64 crore for the third quarter of FY26, marking a 45% year-on-year (YoY) rise from the Rs 383.23 crore net profit reported in the same period of the previous financial year. The firm’s revenue from operations meanwhile rose more than 11% YoY to Rs 5,127.26 crore during the quarter under review.

According to Motilal Oswal, net interest margins fell 11% sequentially, as most of the benefit from the lower cost of funds was already realized, while yields carry a mild near-term downside bias, which could keep margins under check.

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