SBI Cards & Payment Services Share Price

SBI Cards & Payment Services Ltd, incorporated in 1998 and promoted by the State Bank of India with Abhay Kumar Sinha as founding CEO, is headquartered in Gurugram, Haryana. Listed on both the NSE (SBICARD) and BSE (543066) since its IPO in 2020, it operates as the largest credit card issuer in India after SBI’s acquisition of GE Capital’s card business. The company offers a wide range of card products and payment services catering to retail and corporate customers.

SBI Cards & Payment Services Business Segments and Revenue Model

SBI Cards operates across multiple segments: retail credit cards, corporate and co-branded cards, merchant acquiring, and payments processing. Key offerings include lifestyle, travel, and fuel cards issued directly or in partnership with airlines, banks, and retailers. It also earns revenue from annual and joining fees, interest income on outstanding balances, customer late fees, merchant discount rates, and value-added services such as insurance and concierge. The company monetises customer engagement via reward programmes, EMI options, and digital payment solutions through its platform and partnerships.

SBI Cards & Payment Services Key Milestones

• 1998: Launched as SBI’s credit card subsidiary in partnership with GE Capital.
• 2007: Acquired GE Capital’s full credit card operations in India.
• 2011: First co-branded card partnership with ICICI Bank and leading retail brands.
• 2015: Rolled out premium cards targeting affluent consumers.
• 2020: IPO and listing on NSE and BSE, marking one of India’s largest credit card listings.
• 2021: Crossed 5 million card base milestone, enhancing market share.
• 2022: Launched ‘SBI Card Select’ and luxury co-branded cards with hotels and airlines.
• 2023: Introduced digital ‘SBI Card IRCTC’ and ‘SBI Card Plush’, focusing on railways and lifestyle segments.
• 2024: Surpassed Rs. 20,000 crore in annual processing volume; expanded fintech partnerships.

SBI Cards & Payment Services ESG and Sustainability

• Core CSR areas: financial literacy, women’s empowerment, and education in underserved communities
• Digital-first operations aiming to eliminate 80% paper usage by 2026
• Commitment to reducing carbon footprint across offices and data centres by 30% by 2030
• Programmes to support diversity & inclusion, with focus on gender-balanced workforce

SBI Cards & Payment Services Awards and Recognitions

• Named ‘Best Credit Card Issuer – India’ by Global Finance Awards
• Earned FinTech India Awards’ ‘Innovation in Payments’ accolade
• Featured in Economic Times Most Trusted Brands ranking
• Recognised by BIS India for Responsible Lending & Consumer Protection