SBI Cards and Payment Services Ltd

SBI Cards and Payment Services Ltd has appointed Mr. Saurav Ghosh as the Chief Operating Officer (COO) for a period of 2 years effective from June 21, 2026. This decision was approved by the Board of Directors on May 30, 2026, based on the recommendation of the Nomination and Remuneration Committee. Mr. Ghosh brings over 24 years of experience in banking operations, HR, credit management, regulatory compliances, and digital transformation. He succeeds Mr. Ashutosh Kumar Sharma, whose term as COO concludes on June 20, 2026.

SBI Cards and Payment Services Ltd announced the appointment of Mr. Saurav Ghosh as Chief Operating Officer for a term of 2 years effective June 21, 2026. This decision was approved during the Board of Directors meeting held on May 30, 2026, based on the recommendation of the Nomination and Remuneration Committee. Mr. Ashutosh Kumar Sharma, the current COO, will demit office on June 20, 2026, upon completion of his term. Mr. Ghosh brings over 24 years of experience in banking operations, HR, credit management, regulatory compliances, and digital transformation.

SBI Cards and Payment Services Ltd. reported strong financial results for Q4 FY26 and the full financial year ended March 31, 2026. For Q4 FY26, total revenue increased by 7% YoY to ₹5,187 Cr, with Profit After Tax (PAT) rising 14% to ₹609 Cr. Spends grew significantly by 31% YoY to ₹115,350 Cr, and cards-in-force increased by 6% YoY to 2.21 Cr. Asset quality improved, with Gross NPAs at 2.41% and Net NPAs at 1.04% as of March 31, 2026. For the full FY26, the company's PAT grew by 13% YoY to ₹2,167 Cr, and total income increased by 11% to ₹20,708 Cr. The Capital Adequacy Ratio stood at a healthy 25.5%.

SBI Cards and Payment Services Ltd reported audited financial results for the quarter and year ended March 31, 2026. The company's total revenue from operations for the year stood at ₹19,899.63 Cr compared to ₹18,072.22 Cr in the previous year. Net profit after tax for FY26 was ₹2,166.71 Cr, an increase from ₹1,916.41 Cr in FY25. The Board of Directors approved these results at its meeting on April 27, 2026.

SBI Cards and Payment Services Ltd announced that its Board of Directors approved the Audited Financial Results for the quarter and the year ended March 31, 2026. For the full fiscal year 2026, the company reported a Profit After Tax (PAT) of ₹2,166.71 Crores, an increase from ₹1,916.41 Crores in the previous fiscal year. Revenue from operations for FY26 reached ₹19,899.63 Crores, up from ₹18,072.22 Crores in FY25. Basic Earnings Per Share (EPS) for FY26 stood at ₹22.77. For the quarter ended March 31, 2026, the Profit After Tax was ₹609.30 Crores, compared to ₹534.18 Crores in the same quarter last year.

SBI Cards and Payment Services Ltd has announced that a meeting of its Board of Directors is scheduled for Monday, April 27, 2026. The primary agenda for this meeting is to consider and approve the audited financial results for the quarter and the financial year ended March 31, 2026. Additionally, the company has informed that its trading window for designated persons is already closed from April 1, 2026, and will reopen 48 hours after the declaration of these financial results, in compliance with SEBI Insider Trading Regulations.

SBI Cards and Payment Services Ltd has been assigned an Environmental, Social, and Governance (ESG) Score of 71 by ESG Risk Assessments & Insights Limited, a SEBI Registered ESG Rating Provider. This information was shared pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The ESG score is now available on the company's website at www.sbicard.com.

SBI Cards and Payment Services Ltd has announced the appointment of Mr. Amit Batra as EVP & Chief Strategy Officer, effective from July 01, 2026. The appointment was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee. Mr. Batra brings approximately thirty years of experience in strategy, operations, sales, ESG, and business transformation. He has previously worked with notable organizations such as TransUnion CIBIL India, SBI Card, GE Capital, Star TV, EQUUS Advertising, Modi Telstra, and the Taj Group of Hotels. Mr. Batra is an alumnus of INSEAD, holds a Master Black Belt in Lean Six Sigma, and is a graduate of the Institute of Hotel Management, Kolkata.

SBI Cards and Payment Services Ltd, symbol SBICARD, has announced the closure of its trading window for dealing in securities. The closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's Code of Conduct. The trading window will remain closed from April 1, 2026, until 48 hours after the declaration of Financial Results for the period ending March 31, 2026.

The Board of Directors of SBI Cards and Payment Services Limited has declared an Interim Dividend of Rs. 2.50/- (Rupees Two and Fifty Paise) (25%) per equity share for the financial year 2025-26. The Record Date for the purpose of determining the entitlement of payment of Interim Dividend is Wednesday, March 11, 2026. Shareholders are required to update their bank details, PAN, KYC details, contact details, nominations, power of attorney, etc. with their designated depository participants and with the Company's Registrar to an Issue and Share Transfer Agent.