SBI Cards -; Payments declares interim dividend for current fiscal; stock jumps 1%

23 Mar 2022 , 09:15 AM

SBI Card & Payment Services Ltd. has informed the investors and exchanges that in its Board Meeting held on March 22, 2022, the Board of Directors of the Company has declared an interim dividend of Rs2.50 (25%) per equity share of Rs10 each for the financial year 2021-22.

The company has fixed March 31, 2022, as the record date for determining the entitlement of payment on Interim dividend.

SBI Cards is a payment solutions provider and a credit card company operating in India. Though SBI Card was launched in India in October 1998, its securities were listed on the exchanges in March 2020. It is a child company of the State Bank of India.

SBI Cards’ stock was trading at Rs856.10 against its previous closing price of Rs847.30, up by 1%.