SBI Card
 | This article contains promotional content. (October 2021) |
 | |
| Company type | Credit card company |
|---|---|
| ISIN | INE018E01016 |
| Industry | Payment card industry |
| Founded | May 1998[1] |
| Headquarters | , India |
Area served | India |
Key people | Salila Pande (MD & CEO)[2] |
| Products | Credit cards |
| Services |
|
| Revenue |  ₹17,483 crore (US$2.0 billion)(FY24)[3] |
| ₹2,408 crore (US$280 million)(FY24)[3] | |
| Total assets | ₹58,171 crore (US$6.7 billion)(FY24)[3] |
| Total equity |
₹12,084 crore (US$1.4 billion) (FY24) [3] |
| Website | www.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]
In 2022, The Carlyle Group divested its entire stake in SBI Card, making the State Bank of India the majority stakeholder.[6] On April 1, 2025, SBI Cards and Payment Services Limited appointed Salila Pande as its Managing Director and Chief Executive Officer, succeeding Abhijit Chakravorty upon his retirement on March 31, 2025.[7]
See also
[edit]References
[edit]- ^ "SBI Card to focus on "hyper-personalisation" for improved customer engagement: Rama Mohan Rao Amara - The Hindu BusinessLine".
- ^ "SBI Card appoints Salila Pande as new MD & CEO". BusinessLine. 1 April 2025. Retrieved 1 April 2025.
- ^ a b c d "Outcome of Board Meeting" (PDF).
- ^ "Company Overview of SBI Cards & Payment Services Private Limited" Bloomberg Businessweek. Retrieved 10 January 2013.
- ^ Livemint (9 June 2022). "SBI Cards top stock pick after RBI allows linking of credit cards with UPI". mint. Retrieved 17 July 2022.
- ^ "Carlyle to sell entire 3% SBI Cards stake". The Times of India. 5 April 2022. Retrieved 1 April 2025.
- ^ "SBI Card appoints Salila Pande as MD & CEO from April 1". The Economic Times. 17 February 2025. Retrieved 1 April 2025.
- Credit cards in India
- Debit cards
- State Bank of India
- Companies based in Gurgaon
- 1998 establishments in Haryana
- Indian companies established in 1998
- Financial services companies established in 1998
- Companies listed on the National Stock Exchange of India
- Companies listed on the Bombay Stock Exchange
- The Carlyle Group companies