SBI Card has surpassed the 2 crore cards in force milestone, highlighting its commitment to delivering innovative solutions and enhancing customer experiences across the nation. This achievement also underscores SBI Card's pivotal role in transforming India's credit card landscape, and its promise of 'Currency of Digital India'. Since its inception in 1998, SBI Card has been a pioneer in designing a wide range of products to ' meet diverse customer needs. From thoughtful core cards, co-branded partnerships with premium brands, to rewards-driven and lifestyle-centric offerings, SBI Card has consistently set new benchmarks for customer-focused innovation in the Indian credit card industry and strengthened its leadership in the market. SBI Card has witnessed strong growth of around 25% CAGR in cards in force, and 26% CAGR in spends, between FY19 and FY24.Powered by Capital Market - Live

SBI Cards & Payment Services Ltd is up for a third straight session in a row. The stock is quoting at Rs 712.3, up 1.12% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.01% on the day, quoting at 24460.55. The Sensex is at 80958.35, up 0.14%. SBI Cards & Payment Services Ltd has risen around 2.5% in last one month. Meanwhile, Nifty Financial Services index of which SBI Cards & Payment Services Ltd is a constituent, has risen around 1.55% in last one month and is currently quoting at 24296.55, up 0.85% on the day. The volume in the stock stood at 5.25 lakh shares today, compared to the daily average of 8.49 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 712.2, up 1.04% on the day. SBI Cards & Payment Services Ltd is down 4.79% in last one year as compared to a 17.29% spurt in NIFTY and a 16.37% spurt in the Nifty Financial Services index.The PE of the stock is 30.31 based on TTM earnings ending September 24.Powered by Capital Market - Live

SBI Cards & Payment Services Ltd gained for a fifth straight session today. The stock is quoting at Rs 715.5, up 1.42% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 1.01% on the day, quoting at 24030.45. The Sensex is at 79346.41, down 1.11%. SBI Cards & Payment Services Ltd has risen around 4.42% in last one month. Meanwhile, Nifty Financial Services index of which SBI Cards & Payment Services Ltd is a constituent, has risen around 1.22% in last one month and is currently quoting at 24171.55, down 0.45% on the day. The volume in the stock stood at 5.45 lakh shares today, compared to the daily average of 12.09 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 715.65, up 1.24% on the day. SBI Cards & Payment Services Ltd is down 2.94% in last one year as compared to a 19.57% spurt in NIFTY and a 20.31% spurt in the Nifty Financial Services index.The PE of the stock is 30.37 based on TTM earnings ending September 24.Powered by Capital Market - Live

The Board of SBI Cards & Payment Services at its meeting held on 22 November 2024 has approved the appointment of Challa Sreenivasulu Setty (DIN: 08335249) as Nominee Director (nominated by State Bank of India) and Chairman of the Board of the Company with immediate effect, subject to the approval of shareholders of the Company. Powered by Capital Market - Live

However, total revenue from operations stood at Rs 4,421.04 crore in the second quarter of FY25, up 8.16% year on year. Interest income jumped 20.40% to Rs 2,289.74 crore in Q2 FY25 from Rs 1,901.75 crore in Q2 FY24. Non-interest income (fees, commission & others) fell by 0.84% to Rs 1,957.31 crore in Q2 FY25 from Rs 1,973.94 crore in Q2 FY24. Finance costs climbed 30.22% YoY to Rs 787.68 crore while total operating cost declined 3% YoY to Rs 2,011crore during the period under review. Impairment on financial instruments jumped 63.34% to Rs 1,212 crore in Q2 FY25 from Rs 742 crore in Q2 FY24. The firm's return on average assets (ROAA) and return on average equity (ROAE) stood at 2.7% and 12.5%, respectively in the quarter ended 30 September 2024. On asset quality front, gross non-performing assets were at 3.27% of gross advances as of 30 September 2024 as against 2.43% as of 30 September 2023. Net non-performing assets were at 1.19% as of 30 September 2024, as against 0.89% as of 30 September 2023. As of 30 September 2024, the company's CRAR was 22.1% compared to 23.3% as of 30 September 2023. Tier I capital was 16.3% as of 30 September 2024, compared to 20.8% as of 30 September 2023. Total advances (net of provisions) as of 30 September 2024 stood at Rs 53,596 crore as compared with Rs 49,079 crore as of 30 September 2023. Net worth as of 30 September 2024 was at Rs 13,161 crore as against Rs 12,156 crore as of 30 September 2023. SBI Cards and Payment Services (SBI Card) is a non-banking financial company that offers extensive credit card portfolio to individual cardholders and corporate clients which includes lifestyle, rewards, travel & fuel, and banking partnerships cards along with corporate cards covering all major cardholders' segments in terms of income profile and lifestyle. The brand has a wide base of over 19.5 MM+ cards in force as of Q2 FY25. It has diversified customer acquisition network that enables to engage prospective customers across multiple channels. SBI Card is a technology driven company. Shares of SBI Cards and Payment Services rallied 2.91% to close at Rs 686.90 on the BSE.Powered by Capital Market - Live

Net profit of SBI Cards & Payment Services declined 32.93% to Rs 404.42 crore in the quarter ended September 2024 as against Rs 602.98 crore during the previous quarter ended September 2023. Sales rose 8.16% to Rs 4421.04 crore in the quarter ended September 2024 as against Rs 4087.33 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales4421.044087.33 8 OPM %28.2432.47 - PBDT595.56856.19 -30 PBT545.21809.39 -33 NP404.42602.98 -33 Powered by Capital Market - Live

SBI Cards & Payment Services has allotted 36,500 equity shares under ESOP on 23 October 2024. With this allotment, the paid up equity share capital has increased to Rs. 9,51,30,42,740 /- consisting of 95, 13,04,274 equity shares of Rs. 10/- each.Powered by Capital Market - Live

SBI Cards & Payment Services Ltd is down for a fifth straight session today. The stock is quoting at Rs 730, down 1.77% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.93% on the day, quoting at 24780.85. The Sensex is at 81006.87, down 0.83%.SBI Cards & Payment Services Ltd has lost around 9.02% in last one month.Meanwhile, Nifty Financial Services index of which SBI Cards & Payment Services Ltd is a constituent, has eased around 1.74% in last one month and is currently quoting at 23621.8, down 1.32% on the day. The volume in the stock stood at 9.25 lakh shares today, compared to the daily average of 20.71 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 735.2, down 1.74% on the day. SBI Cards & Payment Services Ltd tumbled 6.79% in last one year as compared to a 27% rally in NIFTY and a 18.96% spurt in the Nifty Financial Services index.The PE of the stock is 29.3 based on TTM earnings ending June 24.Powered by Capital Market - Live

The Board of SBI Cards & Payment Services at its meeting held on 18 September 2024 has approved raising of funds by way of issuance of Non-Convertible Debentures (NCDs) aggregating to Rs. 5,000 crore in one or more tranches, on private placement basis.Powered by Capital Market - Live

SBI Cards & Payment Services will hold a meeting of the Board of Directors of the Company on 18 September 2024.Powered by Capital Market - Live