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SBI Cards and Payment Services Limited is a non-deposit accepting systemically important nonbanking financial company registered with the RBI. The Company is engaged in issuing credit cards to consumers in India. It is headquartered in Gurgaon, Haryana. It is a subsidiary of India’s largest commercial bank, the State Bank of India.
SBICARD launches the Google Pay Flex SBI Card, a new rewards product for the domestic market. This partnership could boost its credit card offerings and market penetration.
SBI Cards submitted its annual secretarial compliance report. The report confirms overall strong compliance with regulatory requirements, highlighting no deviations, violations, or actions taken by SEBI or stock exchanges. This indicates robust governance.
SBI Cards declared an interim dividend of Rs. 2.50 per share (25%) for FY 2025-26. Shareholders must ensure bank and KYC details are updated for electronic dividend payment.
Shareholders have approved the appointment of Smt. Anuradha Rao and Smt. Parvathy Vairava Sundaram as independent directors for three-year terms. Their extensive experience in banking and financial services strengthens the board.
SBI Cards' Board revised its internal code for sensitive information disclosure. This clarifies what constitutes market-moving data, ensures uniform release, and defines legitimate sharing protocols, bolstering transparency and insider trading prevention.