SBI Card

SBI Cards & Payment Services Limited, previously known as SBI Cards & Payment Services Private Limited, is a credit card company and payment provider in India. SBI Card was launched in May 1998 by the State Bank of India and GE Capital. In December 2017, the State Bank of India and The Carlyle Group^[4] acquired a stake in the company. SBI Card is headquartered in Gurugram, Haryana/Delhi NCR. DLF Infinity Towers, Tower C, 12th Floor, Block 2, Building 3, DLF Cyber City, Gurgaon -122002(Haryana) India. The company is the only publicly listed pure-play credit card issuer in India.^[5]

SBI Cards & Payment Services Limited

Company type	Credit card company
Traded as	NSE: SBICARD BSE: 543066
ISIN	INE018E01016
Industry	Payment card industry
Founded	May 1998; 27 years ago (1998-05)[1]
Headquarters	Gurugram , India
Area served	India
Key people	Salila Pande (MD & CEO)[2]
Products	Credit cards
Services	Credit Cards Payments
Revenue	₹17,483 crore (US$2.1 billion)(FY24)[3]
Net income	₹2,408 crore (US$280 million)(FY24)[3]
Total assets	₹58,171 crore (US$6.9 billion)(FY24)[3]
Total equity	₹12,084 crore (US$1.4 billion) (FY24) [3]
Website	www.sbicard.com

In 2022, The Carlyle Group divested its entire stake in SBI Card, making the State Bank of India the majority stakeholder.^[6] On April 1, 2025, SBI Cards and Payment Services Limited appointed Salila Pande as its Managing Director and Chief Executive Officer, succeeding Abhijit Chakravorty upon his retirement on March 31, 2025.^[7]

See also

• SBI Life Insurance Company
• State Bank of India