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More news about SBI Cards

SBI Cards hosts one-on-one analyst meet with Bernstein

SBI Cards held a one-on-one analyst meet with Bernstein on September 2, 2026. The session was conducted in Gurugram from 5:00 pm to 6:00 pm. The company disclosed that only public domain information was shared.

01Sept 26

SBI Cards concludes September 1 investor meet; discloses participant list

SBI Cards concluded its group investor meet on September 1, 2026, organized by Morgan Stanley. The virtual session lasted 43 minutes, starting at 5:05 pm and ending at 5:48 pm. A total of 30 institutional investors and analysts participated in the call. Only information already available in the public domain was shared during the interaction.

01Sept 26

SBI Cards holds one-on-one investor meet with State Street

SBI Cards held a one-on-one investor meet on September 1, 2026. The session was with State Street Investment Management. Call started at 12:00 noon and ended at 12:48 pm in Gurugram. Disclosure made under Regulation 30 of SEBI LODR 2015.

31Aug 26

SBI Cards shareholders approve ₹2.50 interim dividend, SBI RPTs at AGM

Shareholders approved all four ordinary resolutions at the 28th AGM held on August 31, 2026. Interim dividend of ₹2.50 per share (25%) for FY26 was confirmed by shareholders. Material related-party transactions with State Bank of India received shareholder ratification. Promoter group abstained from voting on the SBI-related party transaction as per norms. Voting turnout was high among promoters and institutions, with minimal retail participation.

31Aug 26

SBI Cards approves ₹2.50 interim dividend, FY26 profit up 13%

Net profit rose 13% YoY to ₹2,167 crore driven by higher income. Interim dividend of ₹2.50 per share confirmed for FY26. Total spends surged 29% to ₹430,359 crore. GNPA declined 67 bps to 2.41%, improving asset quality.

31Aug 26

SBI Cards to see $148M outflow in MSCI August rebalancing today

SBI Cards is set to see an outflow of $148M (₹14.12B) as part of the MSCI August rebalancing. The outflow is scheduled to occur today at 3pm. The development is linked to MSCI's periodic index rebalancing exercise.

28Aug 26

SBI Cards cancels virtual investor meet with Morgan Stanley

SBI Cards cancelled its virtual investor meet with Morgan Stanley scheduled for August 28, 2026. The company cited unavoidable circumstances for the cancellation in a filing under Regulation 30 of SEBI LODR. The session was organized by Morgan Stanley and was to be held virtually from Gurugram. The disclosure was signed by Chief Compliance Officer Payal Mittal Chhabra.

27Aug 26

ICICI Prudential MF raises SBI Cards stake to 7.30% via open market buys

ICICI Prudential MF bought 21,60,916 SBI Cards shares on August 25, 2026. Total stake rises to 7.30% from 5.18% reported in April 2024. Net accumulation of 2,01,71,877 shares since last regulatory filing. Purchases made via open market for investment purposes.

26Aug 26

SBI Cards Latest Results: Jefferies holds rating as spending growth slows to 22% YoY

Jefferies retained a Hold rating on SBI Cards following July performance data. Spending growth moderated to 22% YoY in July, down from 34% in June. Spending share declined 140 bps MoM to 19%. Card additions rose 2.7x YoY to 0.18 mn. Overall industry spending growth slowed to 7.1%.

25Aug 26

SBI Cards cancels scheduled August 25 analyst and investor meeting

SBI Cards cancels its August 25, 2026 analyst meet. Event was organized by Citi Financial in Gurugram. Cancellation cited unavoidable circumstances. Initial schedule was disclosed on August 19, 2026.

21Aug 26

SBI Cards holds group investor meet on August 21 in Gurugram

SBI Cards held a group investor meet on August 21, 2026, in Gurugram. The session started at 4:45 pm and concluded at 5:30 pm. ICICI Securities organised the in-person event. Participants included Balyasny Asset Management, Dymon Asia Capital, and Millenium Partners. Only publicly available information was shared during the interaction.

20Aug 26

SBI Cards holds investor meet with Kotak Mahindra Life Insurance

SBI Cards and Payment Services Limited disclosed a one-on-one investor meet with Kotak Mahindra Life Insurance held on August 20, 2026, in Gurugram. The session concluded at 12:45 pm. The company stated that only publicly available information was shared, as per SEBI LODR Regulation 30 requirements.

12Aug 26

SBI Cards holds one-on-one investor meet with ADIA on August 12

SBI Cards and Payment Services Limited engaged in a one-on-one discussion with Abu Dhabi Investment Authority (ADIA) on August 12, 2026. The meeting, held in Gurugram, lasted approximately one hour. The firm emphasized that no undisclosed material information was shared, adhering to SEBI's Regulation 30 requirements for fair disclosure.

11Aug 26

SBI Cards holds one-on-one investor meet with Avendus Spark

SBI Cards and Payment Services Limited conducted a one-on-one meeting with Avendus Spark in Gurugram on August 11, 2026. The CFO confirmed that only public domain information was discussed, ensuring compliance with SEBI LODR regulations. No new material information was disclosed.

05Aug 26

SBI Cards sets 28th AGM for Aug 31, 2026 with remote e-voting

SBI Cards and Payment Services Limited is holding its 28th AGM on August 31, 2026, via video conference. Remote e-voting runs from August 28 to August 30, 2026. The cut-off date for voting eligibility is August 24, 2026. The meeting complies with SEBI and MCA regulations.

04Aug 26

SBI Cards seeks approval for ₹28,000 crore RPTs with SBI

SBI Cards and Payment Services Limited seeks shareholder approval for material related party transactions worth ~₹28,000 crore with State Bank of India at its upcoming AGM. The transactions, which include banking facilities and brand royalties, reflect the company's operational dependency on its promoter for funding and brand leverage.

03Aug 26

SBI Cards cuts Scope 2 emissions by 58% in FY26 sustainability report

SBI Cards reports a 58% reduction in Scope 2 emissions and 16.89% recycled plastic card adoption in its FY26 BRSR. Total waste rose to 120.92 MT due to battery replacements, while energy intensity improved to 0.56 GJ per crore INR. The company maintained zero data breaches and resolved all workplace harassment complaints.

31Jul 26

SBI Cards launches co-branded Google Pay Flex SBI Card

SBI Cards and Google Pay have launched the Google Pay Flex SBI Card, a co-branded product that integrates credit card rewards with the Google Pay digital ecosystem. Launched on July 29, 2026, the card allows users to earn Stars on purchases, redeem them instantly via UPI, and manage accounts within the app. It features tiered rewards, with up to 8 Stars per ₹500 spent, and offers fee reversal on annual spends of ₹1,00,000.

30Jul 26

SBI Cards Q1FY27 PAT rises 20% YoY on lower credit costs

SBI Cards posted a 20% YoY PAT increase to ₹664.44 Crores in Q1FY27, fueled by a sharp decline in gross credit costs to 6.5%. While total income rose modestly by 3.4% to ₹5,040.55 Crores, fee income grew 9.8% on strong retail spends. Asset quality improved with Gross NPA falling to 2.04%, and the company added over 1 million new cards.

30Jul 26

SBI Cards holds one-on-one investor call with Quantum Advisors

SBI Cards and Payment Services Limited engaged in a one-on-one call with Quantum Advisors on July 30, 2026, in Gurugram. The meeting lasted 53 minutes and covered only publicly available information, as per SEBI Regulation 30 disclosures. The company’s Chief Compliance Officer, Payal Mittal Chhabra, signed off on the filing, which is also available on the corporate website.

18Jul 26

SBI Cards schedules Q1FY27 earnings call on July 24

SBI Cards and Payment Services has scheduled an earnings call for Q1FY27 on July 24, 2026, at 17:00 IST. The call, accessible via various dial-in numbers and a Diamond Pass link, will follow a board meeting to discuss quarterly financial results.

01Jul 26

SBI Cards meets Morgan Stanley in investor session

SBI Cards and Payment Services Limited held a one-on-one call with Morgan Stanley on June 30, 2026, in Gurugram to discuss information already available in the public domain. The meeting took place from 12:00 PM to 12:25 PM. Payal Mittal Chhabra, Chief Compliance Officer and Company Secretary, confirmed the interaction and stated that the details have been uploaded on the company's official website.

26Jun 26

SBI Cards cancels investor meet scheduled on Jun 25, 2026

SBI Cards and Payment Services Limited cancelled an investor and analyst meeting scheduled for June 25, 2026, due to unavoidable circumstances. The virtual meeting, organized by Citi Financials, was disclosed under SEBI LODR regulations.

24Jun 26

SBI Cards holds investor meet on Jun 23 in Mumbai

SBI Cards and Payment Services Limited representatives participated in an investor and analyst meet on June 23, 2026, in Mumbai, organized by JM Financials India Finance Forum. The company confirmed that only public domain information was shared during the session held from 12:00 Noon to 04:00 PM.

23Jun 26

SBI Cards appoints Chander Kant as EVP & Head-Internal Audit

SBI Cards and Payment Services Limited appointed Mr. Chander Kant as Executive Vice President and Head-Internal Audit for a three-year term starting July 01, 2026. The Board approved the appointment based on committee recommendations, succeeding Mr. Ved Prakash who demits office on June 30, 2026.

17Jun 26

SBI Cards and Payment Services Records ₹29.20 Crore Block Trade on NSE at ₹624.40 Per Share

SBI Cards and Payment Services Ltd. saw a block trade on the NSE involving approximately 467,632 shares at ₹624.40 per share. The total transaction value stood at ₹29.20 crores. Block trades of this magnitude are generally associated with institutional-level participation in the equity markets.

06Jun 26

SBI confirms no encumbrance on SBI Cards shares in FY26

State Bank of India confirmed no encumbrance on SBI Cards shares in FY26 under SEBI regulations. The disclosure was filed on April 07, 2026, by General Manager Priyadarshan.

06Jun 26

SBI Cards meets Karma Capital Advisors on June 05, 2026

SBI Cards and Payment Services Limited held a one-on-one meeting with Karma Capital Advisors on June 05, 2026, at Gurugram under Regulation 30 of SEBI regulations. The meeting, attended by the Chief Compliance Officer, involved sharing only public domain information. The disclosure was submitted to BSE and NSE.

03Jun 26

SBI Cards meets HSBC Global Assets Management HK on June 2

SBI Cards and Payment Services Limited held a one-on-one meeting with HSBC Global Assets Management HK on June 02, 2026, at Gurugram. The meeting was conducted under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The session began at 11:05 AM and concluded at 12:00 PM.

02Jun 26

SBI Cards concludes investor meet organized by Goldman Sachs

SBI Cards representatives participated in a group call organized by Goldman Sachs on June 2, 2026, held virtually from Gurugram. The meeting, conducted under Regulation 30 of SEBI regulations, included 16 institutional investors and shared only publicly available information.

31May 26

SBI Cards appoints Saurav Ghosh as Chief Operating Officer

SBI Cards and Payment Services Limited has appointed Mr. Saurav Ghosh as its new Chief Operating Officer for a two-year term starting June 21, 2026, following Board approval. Mr. Ashutosh Kumar Sharma will step down as Chief Operating Officer upon the completion of his term on June 20, 2026.

20May 26

SBI Cards meets ICICI Securities on May 19

SBI Cards and Payment Services Limited held a one-on-one meeting with ICICI Securities on May 19, 2026, in Gurugram. The company confirmed that only public domain information was shared during the session.

12May 26

SBI Cards and Payment Services Records ₹17.15 Crore Block Trade on NSE at ₹635.00 Per Share

SBI Cards and Payment Services Ltd. recorded a block trade on the NSE involving approximately 2,70,144 shares at a price of ₹635.00 per share. The total value of the transaction stood at ₹17.15 crores. Block trades of this scale are typically associated with institutional participation and reflect significant single-transaction activity in the counter.

04May 26

SBI Cards Q4 FY26: PAT Rises 14% YoY, NIM at 11.2%, ROA Target 4-4.5%

SBI Cards and Payment Services Limited reported strong Q4 FY26 results with profit after tax of INR609 crores, growing 14% year-on-year. For the full financial year 2026, the company achieved a PAT of INR2,167 crores with 13% growth. Net interest margin improved to 11.2% in FY26, up 31 basis points year-on-year, while cost-to-income ratio stood at 55.3%. The company maintains its medium-term ROA target of 4-4.5% and expects cost-to-income ratio to remain in the 55-58% range for FY27. Asset quality improved with GNPA reducing to 2.41% in Q4.

03May 26

SBI Cards Q4FY26 Earnings Call: PAT Grows 14% to ₹609 Crores, Asset Quality Improves

SBI Cards conducted its Q4FY26 earnings call on April 27, 2026, reporting robust financial performance with quarterly PAT of ₹609 crores (+14% YoY) and annual revenue of ₹20,708 crores (+11% YoY). The company demonstrated significant asset quality improvements with gross Stage 3 ratio declining to 2.41% and enhanced risk management frameworks. Management emphasized strategic focus on digital payments growth while maintaining disciplined expansion and declared interim dividend of ₹2.50 per share.

29Apr 26

SBI Cards and Payment Services Limited Allots 5,138 Equity Shares Under ESOP Plans

SBI Cards and Payment Services Limited has allotted 5,138 equity shares to eligible employees following the exercise of options under two ESOP plans. The Nomination and Remuneration Committee approved the allotment on April 28, 2026, comprising 2,000 shares under ESOP Plan 2019 at Rs. 152.10 per share and 3,138 shares under ESOP Plan 2023 at Rs. 10 per share. Post-allotment, the company's paid-up capital increased to Rs. 9,51,60,53,890 from Rs. 9,51,60,02,510.

28Apr 26

SBI Cards Expects Credit Costs to Moderate Further in FY27

SBI Cards management has provided guidance indicating credit costs are expected to moderate further in FY27, though the rate of moderation will depend on evolving geopolitical developments. The company emphasized that macroeconomic factors and their impact on the unsecured lending ecosystem will influence the pace of improvement. This cautious outlook reflects management's assessment of external variables that could affect credit performance in the upcoming fiscal year.

28Apr 26

SBI Cards Expects Revolver Balance Decline in FY27, Plans Installment Lending Expansion

SBI Cards expects slight decline in revolver balances during FY27 and plans to compensate through installment lending portfolio expansion. The company will maintain existing reward programs and fee structures while focusing on lending diversification as primary growth strategy.

28Apr 26

SBI Cards Management Targets 900K-1M Quarterly User Acquisitions

SBI Cards management has set quarterly user acquisition targets of 900,000 to 1 million new cardholders, with similar expectations for the next quarter. The strategy emphasizes attracting high-value, good-quality customers, reflecting the company's commitment to sustainable growth and premium portfolio building in the competitive credit card market.

28Apr 26

JPMorgan Maintains Underweight Rating on SBI Cards with ₹625 Target Price Despite Q4 Asset Quality Gains

JPMorgan maintains an underweight rating on SBI Cards and Payment Services with a ₹625 target price, acknowledging improved Q4 asset quality metrics including lower slippages, reduced write-offs, and better Gross Stage-3 performance. However, the brokerage remains cautious about earnings prospects due to potential NIM compression from poorer loan mix, subdued receivable growth expectations post FY26, and elevated operational expenses from card acquisition activities. Current valuations are viewed as offering limited support despite the positive asset quality trends.

28Apr 26

UBS Maintains Neutral Rating on SBI Cards with ₹780 Target Price Following Mixed Q4 Performance

UBS has maintained a neutral rating on SBI Cards and Payment Services with a ₹780 target price following mixed Q4 results. While the company achieved strong spend growth of 31% year-on-year and showed improvements in asset quality with lower credit costs, weak receivables growth and declining revolver mix led to an overall performance miss. The brokerage considers current valuations of approximately 3.5x price-to-book and 21.5x price-to-earnings as fair, with expectations that FY27 loan growth will lag behind spend growth and limited near-term catalysts for outperformance.

28Apr 26

Jefferies Maintains Hold on SBI Cards with ₹700 Target Price as Q4 Performance Misses Estimates

Jefferies maintains Hold rating on SBI Cards with ₹700 target price following Q4 adjusted PAT decline of 2% YoY that missed estimates. Weak NII/fee growth, lower receivables growth, and falling revolver mix drove underperformance. While improving slippages and expected easing credit costs provide some positives, portfolio de-risking measures are capping growth and leading to 4-6% EPS estimate cuts.

28Apr 26

HSBC Reduces SBI Cards Rating with Target Price Cut to ₹500 Amid Growth Concerns

HSBC has downgraded SBI Cards and Payment Services to 'Reduce' with a target price of ₹500 following slower growth in 4QFY26 and broad-based pressure on core operating metrics. The brokerage has cut EPS estimates by approximately 1% for FY27E and 9.4% for FY28E, while also lowering growth and revenue assumptions. The revised valuation stands at approximately 2.3x FY28E BVPS, reflecting concerns about the credit card company's operational performance and future growth trajectory.

23Apr 26

SBI Cards Announces Q4FY26 Earnings Conference Call for April 27, 2026

SBI Cards and Payment Services Limited has announced its Q4FY26 earnings conference call scheduled for April 27, 2026 at 3:30 PM IST. The company has provided formal intimation to stock exchanges under SEBI regulations, with comprehensive dial-in arrangements including universal access numbers and international toll-free options for Hong Kong, Singapore, UK, and USA. Participants can pre-register using the Diamond Pass system, with the company recommending early dial-in to avoid delays.

08Apr 26

SBI Cards Submits Quarterly Compliance Certificate for Q4FY26 to Stock Exchanges

SBI Cards filed its Q4FY26 compliance certificate with BSE and NSE on April 8, 2026, under SEBI Regulation 74(5). The registrar MUFG Intime India confirmed no dematerialization requests were received during the quarter ended March 31, 2026, making the regulation non-applicable for this period.

07Apr 26

SBI Reportedly Held $5 Billion Short Rupee Positions, Among Banks Most Affected by New RBI Policy

State Bank of India reportedly maintained approximately $5 billion in short rupee positions, according to Bloomberg, positioning it among the banks most significantly affected by recent RBI policy changes. The substantial foreign exchange exposure highlights the impact of regulatory shifts on major banking institutions' currency strategies.

07Apr 26

SBI Cards Receives ESG Score of 71 from SEBI Registered Rating Provider

SBI Cards and Payment Services Limited received an ESG score of 71 from ESG Risk Assessments & Insights Limited, a SEBI registered ESG rating provider. The company filed this information under Regulation 30 of SEBI regulations on April 7, 2026, following the rating event on April 6, 2026. The ESG rating details have been made available on the company's website for stakeholder access.

02Apr 26

SBI Cards Appoints Amit Batra as Executive Vice President & Chief Strategy Officer

SBI Cards and Payment Services Limited has appointed Mr. Amit Batra as Executive Vice President & Chief Strategy Officer, effective July 01, 2026. The Board approved the appointment on April 01, 2026, based on the Nomination and Remuneration Committee's recommendation. Mr. Batra brings thirty years of leadership experience across strategy, operations, and business transformation, having previously served as COO at TransUnion CIBIL India and worked with organizations including GE Capital and Star TV. He is an INSEAD alumnus with a Master Black Belt in Lean Six Sigma and graduate of Institute of Hotel Management, Kolkata.

01Apr 26

HSBC Maintains Reduce Rating on SBI Cards, Cuts Target Price to Rs 560 from Rs 660

HSBC has maintained its 'Reduce' rating on SBI Cards and Payment Services while cutting the target price to Rs 560 from Rs 660. The revision reflects concerns over weaker demand outlook due to Middle East conflict, expected cuts to AUM growth, margins and EPS, along with liability pressures and asset quality risks. The brokerage prefers private banks and select NBFCs like Cholamandalam Investment and Finance and Shriram Finance, with LIC Housing Finance seen as a defensive option.