SBI Card

Analysts believe the worst of stress cycle is over & that SBI Cards is entering final phase of its balance sheet cleanup, setting the stage for a recovery in credit costs, CIF growth & return ratios.

Paying your child's school fee using an app may now attract a small fee

Management guided gross credit cost would trend down from current levels over the next two quarters. While an exact range was not provided, they stated that the credit cost would be below 9 per cent

Credit card company will add up to 1% charges on select payments and wallet loads

Cardholders to pay less for SBI's protection plan from September, as CPP variants get revised fees without losing key fraud cover and emergency support.

Revision could mean some customers will take longer to accumulate points they planned to use for discounts

SBI Card discontinues complimentary air accident insurance for some of its products and PNB requests customers to complete identity verification

Complimentary benefit ends on August 11; SBI Card customers are advised to check new terms

SBI Card share price has surged by 48 per cent thus far in 2025; long-term technical chart shows that the stock is likely to trade with a favourable bias as long as it holds above this key level.

State-owned Bank of Maharashtra on Wednesday entered into a strategic co-branding partnership with SBI Card to launch co-branded credit cards tailored to meet the evolving financial and lifestyle needs of its customers. Under this partnership, bank customers will be able to access a range of co-branded credit cards, designed with attractive features including reward points, cashback offers, fuel surcharge waivers, EMI facilities, and exclusive merchant discounts across key spending categories like dining, travel, and e-commerce, Bank of Maharashtra (BoM) said in a statement. Speaking on the occasion, BoM MD and CEO Nidhu Saxena said, "This co-branded card partnership with SBI Card marks a significant step in enhancing our retail product portfolio and delivering greater value to our customers." It reflects the bank's commitment to offering modern, convenient, and rewarding financial solutions through trusted alliances, he said in a statement. This collaboration aims to enhance custo

Company changes the way it calculates the least amount a user must pay as credit card bill to avoid penalties

Company is discontinuing complimentary service offered by key credit cards, has not announced any replacement benefit

Technical chart suggests that near-term bias for SBI Life is likely to remain upbeat as long as the stock trades above ₹1,663 levels; check target price, key resistance levels here

SBI Card on Thursday reported a 19 per cent decline in profit to Rs 534 crore in the March quarter, on account of a rise in defaults. Pure-play credit card company, promoted by SBI, SBI Cards and Payment Services Ltd (SBI Card) had earned a profit of Rs 662 crore in the fourth quarter of the previous fiscal. However, total income rose to Rs 4,832 crore against Rs 4,475 crore in the year-ago period. Interest income too improved to Rs 2,415 crore in Q4 FY25 as compared to Rs 2,139 crore in the same quarter a year ago. During the quarter, the gross non-performing assets were at 3.08 per cent of gross advances against 2.76 per cent as of March 31, 2024. Similarly, net non-performing assets rose to 1.46 per cent as compared to 0.99 per cent at the end of the fourth quarter of previous fiscal. As a result, impairment losses and bad debts jumped to Rs 1,245 crore from Rs 944 crore a year ago. For the full fiscal 2024-25 too, profit declined by 20 per cent to Rs 1,916 crore against Rs 2

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SBI Cards and Payment Services on Monday said its board has appointed Salila Pande as the Managing Director & CEO with effect from April 1, 2025. The appointment of Pande, who has been nominated by State Bank of India, will be for a period of two years, SBI Card said in a filing to the BSE. The board has approved the appointment of Pande pursuant to the superannuation of Abhijit Chakravorty from the services of State Bank of India from March 31, 2025, it said. Pande is a Chief General Manager at the State Bank of India. She is a career banker and had joined the SBI in 1995 as a probationary officer, and has been with the country's largest banking group since then. Pande is a post graduate in physics, a Certified Financial Risk Manager (FRM by GARP, USA) and a Certified Associate of the Indian Institute of Bankers. Shares of SBI Cards and Payment Services Ltd closed at Rs 853.75, down 0.56 per cent over previous close on the BSE.

SBI Card share price: SBI Card stock moved up by 6.1 per cent in the intraday trade to hit a 52-week high of Rs 866.85 on the BSE. This was the stock's highest level in 18 months

SBI Card share price: SBI Card's profitability was tepid in Q3FY25, driven by elevated credit costs, subdued margins, weak revolving mix, regulatory headwinds on fee income, and rising delinquencies

Profit after tax fell 30 per cent to Rs 383 crore ($44.3 million) for the three months ended Dec. 31, compared to analysts' average expectations of Rs 459 crore