SBI Cards and Payment Services (SBICARD) — Board Meeting

SBI Cards held its 27th Annual General Meeting on August 29, 2025, approving nine resolutions including adoption of FY25 audited financials, interim dividend of ₹2.50 per share (25%), and appointment of independent director Rajnikant Patel. The company reported retail spends growth of 18% to ₹308,779 crores and reached 2 crore cards milestone, though profitability declined with PAT falling 20% to ₹1,916 crores due to increased credit losses rising to 9.0% GCL. Board authorized borrowing in excess of paid-up capital and charge creation on assets.

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About SBI Cards and Payment Services Limited (SBICARD)

Financial Services · Finance · Listed on NSE

Market Cap: ₹59,570.5 Cr P/E: 27.5

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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