SBI Card

Payment solutions provider in India

  • NSE: SBICARD
  • BSE: 543066
ISININE018E01016IndustryPayment card industryFoundedMay 1998; 26 years ago (1998-05)[1]Headquarters
Gurugram
,
India
Area served
India
Key people
Abhijit Chakravorty
(MD & CEO)[2]ProductsCredit cardsServices
  • Credit Cards
  • Payments
RevenueIncrease 17,483 crore (US$2.2 billion)(FY24)[3]
Net income
Increase 2,408 crore (US$300 million)(FY24)[3]Total assetsIncrease 58,171 crore (US$7.3 billion)(FY24)[3]Total equityIncrease 12,084 crore (US$1.5 billion) (FY24) [3]Websitewww.sbicard.com

SBI Cards & Payment Services Limited, previously known as SBI Cards & Payment Services Private Limited, is a credit card company and payment provider in India. SBI Card was launched in May 1998 by the State Bank of India and GE Capital. In December 2017, the State Bank of India and The Carlyle Group[4] acquired a stake in the company. SBI Card is headquartered in Gurugram, Haryana/Delhi NCR. DLF Infinity Towers, Tower C, 12th Floor, Block 2, Building 3, DLF Cyber City, Gurgaon -122002(Haryana) India. The company is the only publicly listed pure-play credit card issuer in India.[5]

See also

References

  1. ^ "SBI Card to focus on "hyper-personalisation" for improved customer engagement: Rama Mohan Rao Amara - The Hindu BusinessLine".
  2. ^ "SBI Card appoints Abhijit Chakravorty as MD & CEO for two years - The Hindu BusinessLine".
  3. ^ a b c d "Outcome of Board Meeting" (PDF).
  4. ^ "Company Overview of SBI Cards & Payment Services Private Limited" Bloomberg Businessweek. Retrieved 10 January 2013.
  5. ^ Livemint (9 June 2022). "SBI Cards top stock pick after RBI allows linking of credit cards with UPI". mint. Retrieved 17 July 2022.
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Subsidiaries
India
International
  • PT Bank Indo Monex
  • SBI Australia
  • SBI Bangladesh
  • SBI Baharain
  • SBI Botsowana
  • SBI Canada Bank
  • SBI China
  • SBI (Mauritius) Limited
  • Nepal SBI Bank Limited
  • SBI Sri Lanka
  • SBI South Korea
  • SBI South Africa
  • SBI UK Limted
  • SBI USA
JVs
  • SBI Payments (76%) (JV with Hitachi Payments)
Predecessors
Major frauds
Mergers
Investments
People
Chairmen
Current
  • Rama Mohan Rao Amara (SBI Cards)
  • Prakash Chandra Kandpal (SBI General)
  • Arun Mehta (SBICAPS)
  • Mahesh Kumar Sharma (SBI Life)
CSR
Mobile banking