SBI Cards and Payment Services CEO, chairman, board of directors and AGM
NSE: SBICARDBSE: 543066FinanceMid Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹528.05.
28 Oct: open ₹528.00, high ₹528.35, low ₹519.05
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹50,204 Cr161st largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 19.25
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 2.92
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.47%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 16.3%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Net interest margin in the glossary
- 11.24%
- Cost of fundsCost of funds. Interest paid ÷ the average of what the company pays interest on × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Cost of funds in the glossary
- 6.90%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Credit cost in the glossary
- 9.11%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026. Return on assets in the glossary
- 3.29%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Assets per rupee of net worth in the glossary
- 4.47times net worth
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 12,09,80448.1% delivered
SBI Cards and Payment Services' chairperson is Challa Sreenivasulu Setty and its managing director and CEO Salila Pande, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 31 Aug 2026.
SBI Cards and Payment Services board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonChalla Sreenivasulu SettyRelated to the promoter
- Managing director and CEOSalila Pande
- Company Secretary and Compliance OfficerPAYAL MITTAL CHHABRA
7 directors4 independent1 executive2 non-executive
- Challa Sreenivasulu Setty · ChairpersonNominee, non-executive · joined Nov 2024 · 5 listed boards · 1 as independent · 2 committee seats
- Ashwini Kumar TewariNominee, non-executive · joined Jan 2024 · 4 listed boards · 5 committee seats
- Salila Pande · Managing director and CEOExecutive · joined Apr 2025 · 1 listed board · 1 committee seat
- Shriniwas Yeshwant JoshiIndependent · joined Dec 2020 · reappointed Dec 2023 · 69 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Rajnikant PatelIndependent · joined Aug 2025 · reappointed Aug 2025 · 13 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Anuradha RaoIndependent · joined Nov 2025 · reappointed Nov 2025 · 10 months as independent · 3 listed boards · 2 as independent · 3 committee seats
- Parvathy Vairava SundaramIndependent · joined Dec 2025 · reappointed Dec 2025 · 9 months as independent · 1 listed board · 1 as independent · 1 committee seat
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
7 directors who left
- Shamsher Singh, left 13 Nov 2025: Others
- Anuradha Shripad Nadkarni, left 13 Nov 2025: Tenure Completion
- Dinesh Kumar Mehrotra, left 13 Nov 2025: Tenure Completion
- Rajendra Kumar Saraf, left 13 Aug 2025: Tenure Completion
- Tejendra Mohan Bhasin, left 27 Jun 2025: Tenure Completion
- Abhijit Chakravorty, left 31 Mar 2025: Others
- Nitin Chugh, left 29 Mar 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 21 Sep 20267 of 7 present4 independent · 58 days in between
- 24 Jul 20267 of 7 present4 independent · 3 days in between
- 20 Jul 20267 of 7 present4 independent · 27 days in between
- 22 Jun 20267 of 7 present4 independent · 22 days in between
2 earlier meetings
- 30 May 20267 of 7 present4 independent · 32 days in between
- 27 Apr 20267 of 7 present4 independent
Audit Committee
Chair Shriniwas Yeshwant Joshi
Ashwini Kumar Tewari, Rajnikant Patel, Parvathy Vairava Sundaram
- 21 Sep 20264 of 4 present3 independent · 58 days in between
- 24 Jul 20264 of 4 present3 independent · 9 days in between
- 14 Jul 20263 of 4 present3 independent · 44 days in between
- 30 May 20263 of 4 present3 independent · 9 days in between
2 earlier meetings
- 20 May 20264 of 4 present3 independent · 22 days in between
- 27 Apr 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Shriniwas Yeshwant Joshi
Ashwini Kumar Tewari, Rajnikant Patel, Anuradha Rao
- 21 Sep 20263 of 4 present2 independent · 68 days in between
- 14 Jul 20264 of 4 present3 independent · 44 days in between
- 30 May 20264 of 4 present3 independent
Stakeholders Relationship Committee
Chair Rajnikant Patel
Salila Pande, Shriniwas Yeshwant Joshi, Anuradha Rao
- 16 Sep 20264 of 4 present3 independent · 119 days in between
- 19 May 20263 of 3 present2 independent
Risk Management Committee
Chair Rajnikant Patel
Salila Pande, Shriniwas Yeshwant Joshi, Anuradha Rao
- 16 Sep 20264 of 4 present3 independent · 113 days in between
- 25 May 20263 of 3 present2 independent · 4 days in between
- 20 May 20263 of 3 present2 independent
Corporate Social Responsibility Committee
Chair Rajnikant Patel
Salila Pande, Anuradha Rao
- 16 Sep 20263 of 3 present2 independent · 63 days in between
- 14 Jul 20263 of 3 present2 independent · 55 days in between
- 19 May 20263 of 3 present2 independent
Executive Committee
Chair Ashwini Kumar Tewari
Salila Pande, Shriniwas Yeshwant Joshi
- 14 Aug 20263 of 3 present1 independent
IT Strategy Committee
- 16 Sep 20263 of 3 present2 independent · 85 days in between
- 22 Jun 20263 of 3 present2 independent · 32 days in between
- 20 May 20263 of 3 present2 independent
SCBMF Committee
- 21 Sep 20263 of 3 present2 independent · 37 days in between
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditors
Named in the results for the quarter to Mar 2026.
- M/s SP Chopra & CoPeer-review certificate valid to Aug 2027
- M/s VK Dhingra & CoPeer-review certificate valid to May 2026
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
SBI Cards and Payment Services AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.SBI Cards and Payment Services dividend history
Annual general meeting, 31 Aug 2026
7,34,771 shareholders on the register on 24 Aug 2026; present: 0 promoters and 112 others; votes counted by CS Vineet K Chaudhary / VKC & Associates.The company's voting result
1-Consideration and adoption of the audited financial statements of the Company for the Financial Year ended March 31, 2026, together with the report of the Board of Directors and Auditors thereon along with the comments of the Comptroller and Auditor General of India (CAG).MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 8.00%
Turnout: all 93.58% · promoters 99.60% · institutions 91.74% · other public 0.07%
2-Authorization to the Board of Directors to fix the remuneration or fees of the Statutory Auditors (single or Joint Auditors) of the Company, as may be appointed by the Comptroller and Auditor General of India (CAG), for the financial year 2026-27.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 8.30%
Turnout: all 93.59% · promoters 99.60% · institutions 91.77% · other public 0.07%
- 3-Confirmation of the payment of Interim Dividend of Rs. 2.50 (i.e. 25%) per equity share of Rs. 10 each, for the Financial Year ended March 31, 2026, as declared by the Board of Directors.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 7.98%
Turnout: all 93.59% · promoters 99.60% · institutions 91.77% · other public 0.07%
- 4-To consider and approve the Material Related Party Transactions with State Bank of India.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 8.29%
Turnout: all 25.01% · promoters 0.00% · institutions 91.77% · other public 0.07%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 6 Feb 2026, 2 resolutions
7,29,620 shareholders on the register on 2 Jan 2026; votes counted by CS Vineet K Chaudhary / VKC & Associates.The company's voting result
- Appointment of Smt. Anuradha Rao (DIN: 07597195) as an Independent Director of the CompanySpecial99.85% for0.15% against
Against: promoters 0.00% · institutions 0.58% · other public 0.13%
Turnout: all 93.55% · promoters 100.00% · institutions 88.45% · other public 12.85%
- Appointment of Smt. Parvathy Vairava Sundaram (DIN: 07005574) as an Independent Director of the CompanySpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.03% · other public 0.13%
Turnout: all 93.55% · promoters 100.00% · institutions 88.45% · other public 12.85%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 29 Aug 2025, 9 resolutions
7,81,696 shareholders on the register on 22 Aug 2025; present: 0 promoters and 87 others; votes counted by CS Vineet K Chaudhary / VKC & Associates.The company's voting result
1 - Consideration and adoption of the audited financial statements of the Company for the Financial Year ended March 31, 2025, together with the report of the Board of Directors and Auditors thereon along with the comments of the Comptroller and Auditor General of India (CAG).MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 92.84% · promoters 100.00% · institutions 87.31% · other public 8.66%
2 - Authorization to the Board of Directors to fix the remuneration or fees of the Statutory Auditors (single or Joint Auditors) of the Company, as may be appointed by the Comptroller and Auditor General of India (CAG), for the financial year 2025-26.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.01% · other public 0.04%
Turnout: all 92.85% · promoters 100.00% · institutions 87.35% · other public 8.66%
- 3 - Confirmation of the payment of Interim Dividend of Rs. 2.50 (i.e. 25%) per equity share of Rs. 10 each, for the Financial Year ended March 31, 2025, as declared by the Board of Directors.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 92.85% · promoters 100.00% · institutions 87.35% · other public 8.66%
- 4 - Appointment of M/s Agarwal S. and Associates as Secretarial Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 92.85% · promoters 100.00% · institutions 87.35% · other public 8.66%
- 5 - To consider and approve the Material Related Party Transactions with State Bank of India.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 24.26% · promoters 0.00% · institutions 87.35% · other public 8.66%
- 6 - To consider and approve the Material Related Party Transactions with SBI Capital Markets Limited.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 24.26% · promoters 0.00% · institutions 87.35% · other public 8.66%
- 7 - To consider and approve matter of authorization to borrow money in excess of paid up capital and free reserves.SpecialPromoters have an interest in it99.62% for0.38% against
Against: promoters 0.00% · institutions 1.46% · other public 0.04%
Turnout: all 92.84% · promoters 100.00% · institutions 87.29% · other public 8.66%
- 8 - To consider and approve matter of authorization to the Board to create charge on the assets of the Company for its borrowings.SpecialPromoters have an interest in it99.62% for0.38% against
Against: promoters 0.00% · institutions 1.46% · other public 0.04%
Turnout: all 92.84% · promoters 100.00% · institutions 87.29% · other public 8.66%
- 9 - Appointment of Mr. Rajnikant Patel (DIN: 00003135) as an Independent Director of the Company.Special98.99% for1.01% against
Against: promoters 0.00% · institutions 3.91% · other public 0.05%
Turnout: all 92.85% · promoters 100.00% · institutions 87.35% · other public 8.66%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 10 Jul 2025, 1 resolution
8,13,564 shareholders on the register on 6 Jun 2025; votes counted by CS Vineet K Chaudhary / VKC & Associates.The company's voting result
- Appointment of Mr. Shamsher Singh (DIN: 09787674) as a Nominee DirectorOrdinaryPromoters have an interest in it99.95% for0.05% against
Against: promoters 0.00% · institutions 0.20% · other public 0.29%
Turnout: all 92.84% · promoters 100.00% · institutions 87.38% · other public 10.87%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 9 May 2025, 1 resolution
8,60,826 shareholders on the register on 4 Apr 2025; votes counted by CS Vineet K Chaudhary / VKC & Associates.The company's voting result
- Appointment of Smt. Salila Pande (DIN: 10941529) as Managing Director and Chief Executive Officer of the CompanyOrdinaryPromoters have an interest in it99.71% for0.29% against
Against: promoters 0.00% · institutions 1.15% · other public 0.20%
Turnout: all 91.96% · promoters 100.00% · institutions 85.87% · other public 6.74%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 6 Feb 2025, 2 resolutions
9,57,034 shareholders on the register on 3 Jan 2025; votes counted by CS Vineet K Chaudhary / VKC & Associates.The company's voting result
- Appointment of Mr. Challa Sreenivasulu Setty (DIN: 08335249) as a Nominee DirectorOrdinaryPromoters have an interest in it99.66% for0.34% against
Against: promoters 0.00% · institutions 1.36% · other public 0.22%
Turnout: all 92.05% · promoters 100.00% · institutions 89.20% · other public 7.71%
- To approve amendment in SBI Card Employee Stock Option Plan 2023Special94.24% for5.76% against
Against: promoters 0.00% · institutions 23.00% · other public 0.57%
Turnout: all 92.07% · promoters 100.00% · institutions 89.30% · other public 7.71%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 9 Aug 2024, 6 resolutions
Present: 0 promoters and 89 others.
Consideration and adoption of the audited financial statements of the Company for the Financial Year ended March 31, 2024, together with the report of the Board of Directors and Auditors thereon along with the comments of the Comptroller and Auditor General of India (CAG).MoreLess
Ordinary99.98% for0.02% againstAgainst: promoters 0.00% · institutions 0.09% · other public 0.27%
Turnout: all 91.43% · promoters 100.00% · institutions 89.56% · other public 1.31%
Authorization to the Board of Directors to fix the remuneration/fees of the Statutory Auditors (single or Joint Auditors) of the Company, as may be appointed by the Comptroller and Auditor General of India (CAG), for the financial year 2024-25.MoreLess
Ordinary99.97% for0.03% againstAgainst: promoters 0.00% · institutions 0.11% · other public 0.52%
Turnout: all 91.44% · promoters 100.00% · institutions 89.61% · other public 1.31%
- Confirmation of the payment of Interim Dividend of Rs. 2.50 (i.e. 25%) per equity share of Rs. 10 each, for the Financial Year ended March 31, 2024, as declared by the Board of Directors.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.29%
Turnout: all 91.44% · promoters 100.00% · institutions 89.61% · other public 1.31%
- To consider and approve the Material Related Party Transactions with State Bank of IndiaOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.46%
Turnout: all 22.82% · promoters 0.00% · institutions 89.61% · other public 1.28%
- To consider and approve the Material Related Party Transactions with SBI Capital Markets LimitedOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.48%
Turnout: all 22.82% · promoters 0.00% · institutions 89.61% · other public 1.28%
- Approval for continuation of Mr. Dinesh Khara (DIN: 06737041) as a Director of the CompanyOrdinaryPromoters have an interest in it99.69% for0.31% against
Against: promoters 0.00% · institutions 1.26% · other public 0.63%
Turnout: all 91.42% · promoters 100.00% · institutions 89.49% · other public 1.30%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 19 Apr 2024, 1 resolution
- Appointment of Mr. Ashwini Kumar Tewari (DIN: 08797991) as a Nominee Director.OrdinaryPromoters have an interest in it93.43% for6.57% against
Against: promoters 0.00% · institutions 26.80% · other public 1.86%
Turnout: all 91.09% · promoters 100.00% · institutions 87.96% · other public 2.47%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it
Mutual fund votes, meeting of 31 Aug 2026, 27 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
1-Consideration and adoption of the audited financial statements of the Company for the Financial Year ended March 31, 2026, together with the report of the Board of Directors and Auditors thereon along with the comments of the Comptroller and Auditor General of India (CAG).MoreLess
25 for0 against2-Authorization to the Board of Directors to fix the remuneration or fees of the Statutory Auditors (single or Joint Auditors) of the Company, as may be appointed by the Comptroller and Auditor General of India (CAG), for the financial year 2026-27.MoreLess
26 for0 against- 3-Confirmation of the payment of Interim Dividend of Rs. 2.50 (i.e. 25%) per equity share of Rs. 10 each, for the Financial Year ended March 31, 2026, as declared by the Board of Directors.26 for0 against
- 4-To consider and approve the Material Related Party Transactions with State Bank of India.27 for0 against
4 proposals not matched to one resolution
- Item 1, as a fund house numbered it1 for0 against
- Item 2, as a fund house numbered it1 for0 against
- Item 3, as a fund house numbered it1 for0 against
- Accept Financial Statements and Statutory Reports1 for0 against
Mutual fund votes, meeting of 6 Feb 2026, 30 fund houses
- Appointment of Smt. Anuradha Rao (DIN: 07597195) as an Independent Director of the Company
Against Angel One Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund
- Angel One Mutual FundGovernance concern: Prolonged association with the Group; Ex-executive/ Ex-employee of the Company.
- Baroda BNP Paribas Mutual FundThe director has been associated with multiple group entities in the past (SBI FM, SBI Bank, SBI Foundation with net association ~9 yrs.) causing the director to lose independence with the group as a whole.
- Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Governance concern: Prolonged association with the Group; Ex-executive/ Ex-employee of the Company
- LIC Mutual FundGovernance concern: Prolonged association with the Group; Ex-executive/ Ex-employee of the Company
22 for8 against - Appointment of Smt. Parvathy Vairava Sundaram (DIN: 07005574) as an Independent Director of the Company30 for0 against
Mutual fund votes, meeting of 29 Aug 2025, 27 fund houses
12 proposals
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
1 - Consideration and adoption of the audited financial statements of the Company for the Financial Year ended March 31, 2025, together with the report of the Board of Directors and Auditors thereon along with the comments of the Comptroller and Auditor General of India (CAG).MoreLess
25 for0 against2 - Authorization to the Board of Directors to fix the remuneration or fees of the Statutory Auditors (single or Joint Auditors) of the Company, as may be appointed by the Comptroller and Auditor General of India (CAG), for the financial year 2025-26.MoreLess
27 for0 against- 3 - Confirmation of the payment of Interim Dividend of Rs. 2.50 (i.e. 25%) per equity share of Rs. 10 each, for the Financial Year ended March 31, 2025, as declared by the Board of Directors.27 for0 against
- 4 - Appointment of M/s Agarwal S. and Associates as Secretarial Auditors of the Company27 for0 against
- 5 - To consider and approve the Material Related Party Transactions with State Bank of India.27 for0 against
- 6 - To consider and approve the Material Related Party Transactions with SBI Capital Markets Limited.27 for0 against
- 7 - To consider and approve matter of authorization to borrow money in excess of paid up capital and free reserves.23 for0 against
- 8 - To consider and approve matter of authorization to the Board to create charge on the assets of the Company for its borrowings.27 for0 against
- 9 - Appointment of Mr. Rajnikant Patel (DIN: 00003135) as an Independent Director of the Company.
Against Angel One Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund
- Angel One Mutual FundResolution proposed via Addendum to the notice before only 16 days to the AGM, against the legal provision of at least 21 days.
- Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundAppointment compliant with law. Non-Compliant Resolution: Resolution proposed via Addendum to the notice before only 16 days to the AGM, against the legal provision of at least 21 days.
- Kotak Mahindra Mutual FundCompany has added this Resolution to the notice for appointment of the independent director via Addendum to the original notice, and the same addendum was announced / disclosed on 13th August, 2025, which is only 16 days prior to the AGM, against the legal provisions of at least 21 days, leading to non-compliance with the Companies Act. Hence, we do not favour the resolution.
- LIC Mutual FundConcerns over Non-Compliant Resolution: Resolution proposed via Addendum to the notice before only 16 days to the AGM, against the legal provision of at least 21 days.
18 for9 against
3 proposals not matched to one resolution
- 7) Increase borrowing limits to Rs. 510.0 bn from Rs. 450.0 bn.1 for0 against
- Accept Financial Statements and Statutory Reports2 for0 against
- Increase borrowing limits to Rs. 510.0 bn from Rs. 450.0 bn3 for0 against
Mutual fund votes, meeting of 10 Jul 2025, 32 fund houses
1 proposal
- Appointment of Mr. Shamsher Singh (DIN: 09787674) as a Nominee Director32 for0 against
Mutual fund votes, meeting of 9 May 2025, 31 fund houses
1 proposal
- Appointment of Smt. Salila Pande (DIN: 10941529) as Managing Director and Chief Executive Officer of the Company31 for0 against
Mutual fund votes, meeting of 6 Feb 2025, 21 fund houses
2 proposals
- Appointment of Mr. Challa Sreenivasulu Setty (DIN: 08335249) as a Nominee Director21 for0 against
- To approve amendment in SBI Card Employee Stock Option Plan 2023
Against Axis Mutual Fund, Franklin Templeton Mutual Fund, HDFC Mutual Fund, Invesco Mutual Fund
- Axis Mutual FundThe proposed amendment is for removal of vesting requirements linked to company performance – vesting will be based only on individual performance. Employees with a rating of “Meets Expectations” or above, will be eligible for vesting of options. We note, at an exercise price of Rs. 10.0 – the options are at a deep discount and vesting is linked to tenure of employment and appraisal rating. We do not favour stock option schemes where the exercise price is at a significant discount (>20%) to market price as on the date of grant or where there is no clarity on the performance metrics for vesting. For deeply discounted options, we expect vesting to be performance based with targets being pre-defined (corporate or individual), along with an indicative range of weightages for each of the parameters. We do not support the resolution.
- Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted because: • The delinking of the company's performance, as vesting criterion, under ESOP Plan 2023 is not a good practice, as it fails to align the overall interest of the investors with the employees, especially the senior management. • The exact performance criteria as well as targets for vesting have not been disclosed, in the absence of which it is difficult to ascertain if the performance targets will be sufficiently or not.
- HDFC Mutual FundThe options are at a deep discount and vesting is linked to tenure of employment and appraisal rating. We do not favour stock option schemes where the exercise price is at a significant discount to market price as on the date of grant.
- Invesco Mutual FundThe proposed amendment is for removal of vesting requirements linked to company performance – vesting will be based only on individual performance. Employees with a rating of “Meets Expectations” or above, will be eligible for vesting of options. We note, at an exercise price of Rs. 10.0 – the options are at a deep discount and vesting is linked to tenure of employment and appraisal rating. We do not favour stock option schemes where the exercise price is at a significant discount (>20%) to market price as on the date of grant or where there is no clarity on the performance metrics for vesting. For deeply discounted options, we expect vesting to be performance based with targets being pre-defined (corporate or individual), along with an indicative range of weightages for each of the parameters. We do not support the resolution
17 for4 against
Mutual fund votes, meeting of 9 Aug 2024, 21 fund houses
8 proposals
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
Consideration and adoption of the audited financial statements of the Company for the Financial Year ended March 31, 2024, together with the report of the Board of Directors and Auditors thereon along with the comments of the Comptroller and Auditor General of India (CAG).MoreLess
19 for0 againstAuthorization to the Board of Directors to fix the remuneration/fees of the Statutory Auditors (single or Joint Auditors) of the Company, as may be appointed by the Comptroller and Auditor General of India (CAG), for the financial year 2024-25.MoreLess
20 for0 against- Confirmation of the payment of Interim Dividend of Rs. 2.50 (i.e. 25%) per equity share of Rs. 10 each, for the Financial Year ended March 31, 2024, as declared by the Board of Directors.21 for0 against
- To consider and approve the Material Related Party Transactions with State Bank of India21 for0 against
- To consider and approve the Material Related Party Transactions with SBI Capital Markets Limited21 for0 against
- Approval for continuation of Mr. Dinesh Khara (DIN: 06737041) as a Director of the Company21 for0 against
2 proposals not matched to one resolution
- Accept Financial Statements and Statutory Reports2 for0 against
- To approve, Fixing of Auditors Remuneration.1 for0 against
Mutual fund votes, meeting of 19 Apr 2024, 21 fund houses
1 proposal
- Appointment of Mr. Ashwini Kumar Tewari (DIN: 08797991) as a Nominee Director.
Against HSBC Mutual Fund
- HSBC Mutual FundAshwini Kumar Tewari is getting a permanent board seat which could reduce his accountability by disallowing shareholders to review his continuation of the board.
20 for1 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.