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SBI Cards News

15 Jul 2024

SBI Cards Rule Change From Today: No Reward Points For THESE Transactions

Check the complete list of SBI Cards that will not get accrual of Reward Points on government related transactions from 15 July 2024.

28 Jun 2024

SBI Cards: No Reward Points For Govt Transactions From 15 July, Full List

Here is the complete list of SBI Cards that will not get accrual of Reward Points on government related transactions from 15 July 2024.

04 Mar 2024

BIG Blow To THESE SBI Credit Card Holders; You'll Not Get Rent Payment Rewards

The rent payment rewards will not be available after April 1, 2024. SBI Card discontinues physical cards for DreamFolks membership from March 1. SBI Card will implement a new formula for calculating MAD.

03 Jan 2024

Top 7 Stock Picks For 2024; Check List By Big Brokerage Firm ICICIdirect

Here's looking at Top 7 Stock Picks For 2024 Given By Retail Stock Brokerage ICICIdirect.

10 Aug 2023

Now, SBI Card Customers Can Make UPI Transactions Through RuPay Credit Cards

It must be noted that to ensure successful credit card linking with UPI, the cardholder’s mobile number registered with SBI Card should also be linked with UPI.

08 Apr 2023

SBI Card Revises Cashback Benefits From May 1 - Check New Offers Here

Statement cycle's worth of cashback on both online and offline purchases will be limited to a total of Rs 5,000.

04 Dec 2022

Stocks in Focus: From SBI Cards to EID Parry, 7 stocks to bet on next week

The stock markets settled a bit lower halting their eight-day rally during which the equity benchmark indices hit a record high as well. The Sensex and Nifty were dragged down by a weak trend in global markets and the emergence of profit-taking. The 30-share BSE Sensex fell 415.69 points to close at 62,868.50. The broader NSE Nifty dipped 116.40 points to end at 18,696.10. As the markets will open on Monday, December 5, after two days of holiday, brokerages have already given their calls for multiple stocks that will be in focus next week. These include Paytm, SBI Cards and EID Parry. The above stocks have been suggested by experts/brokerage houses to Zee Business and neither Zee News nor Zee Business vouches for these shares.

12 Mar 2022

RBI lifts all restrictions on HDFC Bank; permits new digital launches

Rivals ICICI Bank and SBI Cards seized the opportunity to narrow the gap with HDFC Bank. HDFC is the market leader in the credit cards segment.

25 Jan 2022

SBI Card shares jump over 4% post earnings announcement

The pure-play credit card issuer, promoted by the country's largest lender SBI, had posted a net profit of Rs 210 crore in the year-ago same quarter. The increase in income was primarily due to higher income from fees and services during the quarter, SBI Card said.

24 Jan 2022

SBI Card Q3 profit zooms 84% to Rs 386 crore on higher card spends

The increase in income was primarily due to higher income from fees and services during the quarter, SBI Card said. Receivables rose 13 per cent to Rs 29,129 crore from Rs 25,749 crore in the year-ago period. Net NPAs fell to 0.83 per cent from 1.60 per cent.

24 Jan 2022

SBI Card Q3 profit zooms 84% to Rs 386 crore on higher card spends

The increase in income was primarily due to higher income from fees and services during the quarter, SBI Card said. Receivables rose 13 per cent to Rs 29,129 crore from Rs 25,749 crore in the year-ago period. Net NPAs fell to 0.83 per cent from 1.60 per cent.

23 Jul 2021

SBI Cards Q1 profit shrinks 22% to Rs 305 cr due to rise in bad loans

The SBI-promoted card issuance company had reported a net profit of Rs 393 crore in the April-June quarter of the previous fiscal. On asset quality front, the company's gross non-performing assets more than doubled to 3.91 per cent. Card spends during the June quarter increased to Rs 33,260 crore as against Rs 19,085 crore in the same period of 2020-21.

12 Jun 2021

Lost your SBI ATM card? Here is how to get it blocked

Lost your SBI debit card? You can easily get your ATM cum Debit Card blocked through OnlineSBI.

24 May 2021

SBI Card puts THIS mechanism in place for COVID stress relief

Earlier this month, the Reserve Bank came out with the Resolution Framework 2.0 under which individuals and small businesses having exposure up to Rs 25 crore can opt for loan restructuring if they had not availed its earlier scheme. The RBI on May 5 said it decided to extend such a facility for restructuring of existing loans without a downgrade in asset classification in view of the uncertainties created by the resurgence of the pandemic in India. The pure-play credit card company, promoted by the country's largest lender SBI, recorded flat growth in its total income at Rs 9,714 crore for the fiscal ended March 2021.

02 Mar 2020

SBI Cards IPO subscribed 18% till mid-day on Day 1

The IPO received 1.84 crore bids by 1.45 p.m. compared with the issue size of 10.03 crore, data from the National Stock Exchange (NSE) showed.

State Bank of India

23 Jun 2016

Near-field communication technology will take some time to get absorbed in the Indian market: SBI Cards CEO

In an interview with Ashish Pandey of Zee Media, Vijay Jasuja, Chief Executive Officer of SBI Cards & Payment Services Private Limited (SBICPSL), discusses in detail on how the company has emerged as a major player in today's credit card market.

03 Nov 2015

SBI Cards to float expression of interest for JV partner

SBI Cards began the valuation exercise as GE Capital looks to exit the joint venture.

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