SBI Cards and Payment Services Limited (SBI Card) has joined forces with IndiGo, India's largest airline, to introduce the 'IndiGo SBI Card', a premium co-branded credit card designed for frequent travelers. This strategic partnership aims to enhance the travel experience for customers while providing substantial rewards on their spending.

Key Features of the IndiGo SBI Card

The new co-branded credit card comes in two variants:

1. IndiGo SBI Card
2. IndiGo SBI Card ELITE

Both cards offer customers the opportunity to earn IndiGo BluChips, which serve as a comprehensive travel currency within the IndiGo ecosystem.

Rewards and Benefits

• IndiGo Purchases: Cardholders can earn up to 7% rewards on spends made within IndiGo's ecosystem using the IndiGo SBI Card ELITE, while the standard IndiGo SBI Card offers 3% rewards.
• Hotel and Travel Bookings: The ELITE variant provides 3% rewards, and the standard card offers 2% rewards for hotel and travel bookings on other platforms.
• Other Categories: Customers can earn 2% and 1% rewards on all other spending categories with the ELITE and standard cards, respectively.
• Annual Bonus: Cardholders have the potential to earn up to 29,000 bonus IndiGo BluChips annually.

Welcome and Milestone Benefits

• Welcome Bonus: Up to 5,000 IndiGo BluChips on first-year annual fee payment and first transaction.
• Milestone Rewards: Customers can earn additional BluChips based on annual spend milestones, starting from ₹2 lakh for the standard card and ₹3 lakh for the ELITE variant.

Additional Perks

• Airport Lounge Access: Both card variants offer domestic airport lounge access, with the ELITE version providing complimentary international lounge access as well.
• Travel Insurance: The IndiGo SBI Card ELITE includes travel insurance benefits covering flight cancellations, lost credit cards, and lost baggage.

Card Details

• Availability: Both cards are offered on Mastercard and RuPay payment platforms.

Ms. Salila Pande, MD & CEO of SBI Card, commented on the launch, stating, "IndiGo SBI Card is a powerful product offering unparalleled benefits, ensuring every journey becomes more rewarding and seamless. We are confident that this premium credit card will be a key part of our strong co-brand card portfolio."

Mr. Pieter Elbers, Chief Executive Officer of IndiGo, added, "This co-branded credit card is designed to bring significant value addition, convenience, and benefits to our frequent flyers, transforming everyday spending into rewarding travel experiences."

The IndiGo SBI Card is now available for customers to apply through various channels, including SBI Card's digital platform, SPRINT, the SBI Card website, and offline at SBI Card retail kiosks.

This partnership between SBI Card and IndiGo represents a significant move in the travel rewards credit card market, offering customers a comprehensive suite of benefits tailored to enhance their travel experiences while rewarding their loyalty and spending habits.

SBI Cards and Payment Services Ltd , a leading credit card issuer in India, has announced significant changes in its leadership team, marking a new chapter in the company's management structure.

New Company Secretary Appointed

Payal Mittal Chhabra has been appointed as the new Company Secretary of SBI Cards, effective September 19, 2025. Chhabra, who is also serving as the Chief Compliance Officer, will play a crucial role in ensuring the company's adherence to regulatory requirements and corporate governance standards.

Chief People Officer Transition

In a parallel development, the company has witnessed a change in its human resources leadership. Anita Sontumyra, who previously held the position of Chief People Officer, has resigned from her role effective September 18, 2025. Sontumyra's departure is attributed to her repatriation to State Bank of India, the parent organization of SBI Cards.

New Chief People Officer Takes Charge

Following Sontumyra's resignation, SBI Cards has swiftly filled the vacancy by appointing Avinash Agrawal as the new Chief People Officer, effective September 19, 2025. The Board of Directors approved this appointment based on the recommendation of the Nomination and Remuneration Committee.

Agrawal brings a wealth of experience to his new role:

• Over 30 years of diverse experience in the banking sector
• Previously served as Deputy General Manager with State Bank of India
• Held significant positions including DGM - Business Solutions at SBI's Corporate Centre in Mumbai and DGM - IT roles at GITC Belapur
• Demonstrated leadership in shaping Talent & Human Resources strategies

Educational Background and Expertise

Avinash Agrawal's educational qualifications and professional certifications include:

• Postgraduate degree in Economics
• MBA in Finance
• Certified Associate of the Indian Institute of Bankers (CAIIB)

His expertise spans various domains, including Retail Banking, Branch Operations, Digital Banking, Human Resources, and Information Technology.

Investor Relations Update

In a separate announcement, SBI Cards disclosed that company representatives participated in a conference organized by Jefferies India on September 18, 2025, in Gurugram. The event, which ran from 10:00 AM to 5:50 PM, saw participation from various institutional investors and asset management companies, indicating continued interest in the company's performance and strategy.

These leadership changes and investor engagements underscore SBI Cards' commitment to maintaining strong governance and stakeholder relationships as it navigates the dynamic financial services landscape.