SBI Cards & Payments Services Ltd., previously known as SBI Cards and Payment Services Private Limited, is a payment solutions provider in India. SBI Card was launched in October 1998 by the State Bank of India, India’s largest bank, and GE Capital. In December 2017, State Bank of India and The Carlyle Group acquired GE Capital`s stake in the Company. SBI Card is headquartered in Gurgaon, Haryana/Delhi NCR and have branches in over 100 cities across India. For the financial year ending March 31, 2016, SBI Card recorded a net profit of ₹271 crore and a profit before tax of about ₹438 crore.

SBI Cards offers variety of cards across consumer segments that include:

➡️ Premium Cards – SBI Card Elite, SBI Card PRIME, Doctor’s SBI Card

SBI Elite Credit Card

➡️ Classic Cards – Simply SAVE SBI Card

➡️ Industry First Initiatives – SimplyCLICK SBI Card, SBI Card Unnati

➡️ Corporate Cards – SBI Signature Corporate Card, SBI Platinum Corporate Card

➡️ Co-Branded Cards – Ola Money SBI Card, Etihad Guest SBI Card, Apollo SBI Card, BPCL SBI Card, IRCTC SBI Card, TATA Cards, Yatra SBI Card, fbb SBI STYLEUP Card, Air India SBI Card, Mumbai Metro SBI Card, Capital First SBI Card

SBI Cards and full-service carrier Vistara launched a premium co-branded cards on December 26, which will allow its users to get various benefits such free cancellations, lounge access, and earning higher amount of points in the airline’s frequent flyer program ‘Club Vistara.

Vistara and SBI launch co-branded credit cards

Club Vistara SBI Credit Card Prime

SBI Card has initiated the process for an initial share sale and the decision on when to come out with the offer will be taken at an appropriate time.

As per the request for proposal for book running lead managers (BRLMs) floated by the SBI Card, the company intends to tap capital markets via IPO through ‘offer for sale’ by dilution of up to 14 per cent of the issued and paid up capital (up to 13.05 crore) equity shares and primary issuance of up to Rs 1,000 crore.

State Bank of India offers the Kisan Credit Card scheme to farmers to provide them with the required credit for crop production, emergency expenses, allied agricultural activities, etc. The loan is disbursed to farmers using a simple sanction process with easy documentation. The Kisan Gold Card scheme is also offered to address the production needs, meet domestic commitments inclusive of medical expenses, children’s education and marriage, etc. Domestic requirements will be included to up to 20% of the credit limit.

SBI to launch Credit Card for Farmers

SBI Card has partnered with Landmark Group, one of the largest retail and hospitality conglomerates in India, to launch a unique set of retail co-branded credit cards. The three newly launched cards, Lifestyle Home Centre SBI Card, Max SBI Card and Spar SBI Card, have been introduced in partnership with four Landmark Group brands – Lifestyle, Home Centre, Max and Spar.

SBI Card and Landmark Group launch co-branded credit cards

India’s largest bank State Bank of India (SBI) holds 74 per cent stake in the SBI Card and the rest is held by Carlyle Group. As per the RBI, SBI Card ranked second with the credit card base and credit card spends capturing 17.6 per cent and 17.1 per cent market share in the respective categories.

SBI Card- Offering credit card for smart people

Simply Save SBI Credit Card

SBI Fuel Credit Card

Fashion at Big Bazaar (FBB) SBI StyleUp Credit Card

SBI Railway Card

Now SBI Card Mobile App 

SBI Credit Card- Simply Tap To Pay

Travel Big With Etihad Guest SBI Card

Simply Click For Online Shopping- SBI Card

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