SBI Cards and Payment Services Ltd

SBI Cards & Payment Services has appointed Shamsher Singh (DIN: 09787674) as Nominee Director (nominated by State Bank of India) on the Board of the Company with immediate effect. Powered by Capital Market - Live

 SBI Cards & Payment Services (SBI Card) in partnership with Tata Digital announced the launch of Tata Neu SBI Card today. This one-of-its-kind lifestyle co branded credit card has been designed to provide a premium and highly rewarding shopping experience for discerning customers across segments. This co-branded card has been launched in two variants, Tata Neu Infinity SBI Card and Tata Neu Plus SBI Card. Customers earn rewards on all spends, whether online or in-store and across domestic and international merchant outlets in the form of NeuCoins that are redeemable on the Tata Neu app. With this launch, Tata Neu SBI Card customers can now enjoy a range of benefits for an enhanced shopping experience. Cardholders can enjoy up to 10% rewards on spends with Tata Neu Infinity SBI Card and up to 7% rewards on spends with Tata Neu Plus SBI Card in the form of NeuCoins. These are credited monthly to the cardholder's NeuPass account within the Tata Neu app. These NeuCoins can be redeemed across a wide range of products and services, including grocery, travel bookings, jewelry, fashion, electronics and pharmacy services both online and instore, addressing varied lifestyle needs of customers. The co-branded card also offers rewards on everyday payments, providing up to 1.5% back in NeuCoins (with the Rupay variant) on UPI transactions and up to 5% back on bill payments made through Tata Neu. Customers can enroll for the card digitally via SBI Card SPRINT, by visiting the SBI Card website SBI Card.com, and can also opt to enroll offline by visiting SBI Card retail kiosks at select Croma stores.Powered by Capital Market - Live

Following his retirement from the company, he will also cease to be the MD & CEO of the State Bank of India from that date, the company added. SBI Cards and Payment Services (SBI Card) is a non-banking financial company that offers an extensive credit card portfolio to individual cardholders and corporate clients. This includes lifestyle, rewards, travel & fuel, and banking partnership cards, along with corporate cards that cover all major cardholder segments in terms of income profiles and lifestyles. The company reported a standalone net profit of Rs 383.23 crore in Q3 FY25, down 30.2% compared to Rs 549.08 crore posted in Q3 FY24. Total revenue from operations rose marginally by 0.5% to Rs 4,766.56 crore in Q3 FY25, compared with Rs 4,741.60 crore in Q3 FY24.Powered by Capital Market - Live

Following his retirement from the company, he will also cease to be the MD & CEO of the State Bank of India from that date, the company added. SBI Cards and Payment Services (SBI Card) is a non-banking financial company that offers an extensive credit card portfolio to individual cardholders and corporate clients. This includes lifestyle, rewards, travel & fuel, and banking partnership cards, along with corporate cards that cover all major cardholder segments in terms of income profiles and lifestyles. The company reported a standalone net profit of Rs 383.23 crore in Q3 FY25, down 30.2% compared to Rs 549.08 crore posted in Q3 FY24. Total revenue from operations rose marginally by 0.5% to Rs 4,766.56 crore in Q3 FY25, compared with Rs 4,741.60 crore in Q3 FY24. The scrip rose 1.39% to end at Rs 882.20 on Friday, 28 March 2025. The stock market will remain shut today in observance of Eid-ul-Fitr.Powered by Capital Market - Live

SBI Cards & Payment Services has allotted 3,000 equity shares under ESOP on 24 March 2025. Post allotment, the paid-up capital of the Company has increased from Rs. 9,51,35,39,540/- consisting of 95,13,53,954 equity shares of Rs. 10/- each to Rs. 9,51,35,69,540/- consisting of 95, 13,56,954 equity shares of Rs. 10 /- each.Powered by Capital Market - Live

SBI Cards & Payment Services Ltd gained for a third straight session today. The stock is quoting at Rs 856.25, up 1.85% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.08% on the day, quoting at 22529.05. The Sensex is at 74614.62, up 0.02%. SBI Cards & Payment Services Ltd has added around 12.8% in last one month. Meanwhile, Nifty Financial Services index of which SBI Cards & Payment Services Ltd is a constituent, has added around 1.78% in last one month and is currently quoting at 23036.05, up 0.76% on the day. The volume in the stock stood at 15.34 lakh shares today, compared to the daily average of 24.44 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 856.2, up 1.67% on the day. SBI Cards & Payment Services Ltd is up 17.38% in last one year as compared to a 2.63% gain in NIFTY and a 14.11% gain in the Nifty Financial Services index.The PE of the stock is 39.07 based on TTM earnings ending December 24.Powered by Capital Market - Live

The Board of SBI Cards & Payment Services at its meeting held on 17 February 2025 has approved the appointment of Salila Pantle as Managing Director & CEO (nominated by State Bank of India) (DIN: 10941529) of the Company with effect from 01 April 2025 for a period of two years. She replaces Abhijit Chakravorty who superannuated from the services of State Bank of India with effect from 31 March 2025. Powered by Capital Market - Live

SBI Cards & Payment Services has fixed 25 February 2025 as record date for payment of interim dividend of Rs 2.50 per share for FY 2024-25. the dividend will be paid on or before 18 March 2025. Powered by Capital Market - Live

SBI Cards & Payment Services announced that the Board of Directors of the Company at its meeting held on 17 February 2025, has recommended a Interim dividend of Rs.2.50 per share (i.e.25%), subject to the approval of the shareholders.Powered by Capital Market - Live

SBI Cards & Payment Services will hold a meeting of the Board of Directors of the Company on 17 February 2025.Powered by Capital Market - Live