 | This article contains promotional content. (October 2021) |
 | |
| Company type | Public |
|---|---|
| ISIN | INE018E01016 |
| Industry | Payment card industry |
| Founded | May 1998 (1998-05)[1] |
| Headquarters | , India |
Area served | India |
Key people | Salila Pande (MD & CEO)[2] |
| Products | Credit cards |
| Services |
|
| Revenue |  ₹17,483 crore (US$2.1 billion)(FY24)[3] |
| ₹2,408 crore (US$280 million)(FY24)[3] | |
| Total assets | ₹58,171 crore (US$6.9 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. SBI Card is headquartered in Gurugram.[4]
In December 2017, the State Bank of India and The Carlyle Group[5] acquired a stake in the company. In 2022, The Carlyle Group divested its entire stake in SBI Card, making the State Bank of India the majority stakeholder.[6]
On 1 April 2025, SBI Cards and Payment Services Limited appointed Salila Pande as its Managing Director and Chief Executive Officer, succeeding Abhijit Chakravorty upon his retirement.[7]
See also
References
- ^ "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).
- ^ Livemint (9 June 2022). "SBI Cards top stock pick after RBI allows linking of credit cards with UPI". mint. Retrieved 17 July 2022.
- ^ "Company Overview of SBI Cards & Payment Services Private Limited" Bloomberg Businessweek. Retrieved 10 January 2013.
- ^ "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.
