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SBI Card Interim Dividend of ₹2.50 Record Date Tomorrow, February 25, 2025

Written by: Nikitha DeviUpdated on: Feb 24, 2025, 12:30 PM IST
SBI Cards and Payment Services Limited declares ₹2.50 interim dividend. The record date set for the dividend is Tuesday, February 25, 2025.
SBI Card Interim Dividend of ₹2.50 Record Date Tomorrow, February 25, 2025
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SBI Cards and Payment Services Limited’s Board of Directors has declared and approved an interim dividend of ₹2.50 per equity share with a face value of ₹10.

On February 21, 2025, SBI Cards and Payment Services share price (NSE: SBICARD) opened at ₹846.10 and closed at ₹836.15, down by 1.61%. The stock price touched its day’s low at ₹824.80.

SBI Cards and Payment Services Dividend Record Date

The company has declared an interim dividend of ₹2.50 (25%) per equity share with a face value of ₹10 for the financial year 2024-25. The record date for determining shareholder eligibility for the dividend is Tuesday, February 25, 2025. The company stated that the interim dividend will be credited or dispatched on or before March 18, 2025.

Q3 FY 2025 Financial Highlights

In Q3 FY25, the company’s total revenue increased by 1% year-on-year (YoY) to ₹4,767 crore, compared to ₹4,742 crore in Q3 FY24. However, profit after tax (PAT) declined by 30% YoY, reaching ₹383 crore from ₹549 crore in the same period last year. The volume of new accounts opened rose by 7% to 1.175 million in Q3 FY25, up from 1.096 million in Q3 FY24. Additionally, the number of cards-in-force grew by 10% to 2.02 crore as of Q3 FY25, compared to 1.85 crore in Q3 FY24.

About SBI Cards and Payment Services Limited

SBI Cards and Payment Services Limited is a non-deposit accepting systemically important non-banking financial company registered with the RBI. The company is involved in issuing credit cards to consumers in India. It is a subsidiary of India’s largest commercial bank, the State Bank of India.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Feb 24, 2025, 8:50 AM IST

Nikitha Devi

Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.

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