SBI Cards and Payment Services Limited Overview
Pro stress-test →SBI Cards and Payment Services Ltd is a credit card issuer in India. Listed on both the NSE (SBICARD) and BSE (543066) since its IPO in 2020, it operates as the largest credit card issuer in India after SBI's acquisition of GE Capital's card business. The company is a critical fintech player in India's growing digital payments ecosystem.
Strategic Profile
Pro stress-test →SBI Cards and Payment Services Limited is a subsidiary of State Bank of India, with promoter holding of 69.02% and a public holding of 30.98% in 2023. SBI Cards operates across multiple segments: retail credit cards, corporate and co-branded cards, merchant acquiring, and payments processing, with key offerings including lifestyle, travel, and fuel cards issued directly or in partnership with airlines, banks, and retailers.
Competitive Landscape
Pro stress-test →Top competitors include companies like Axis Bank, Yes Bank and Bandhan Bank. SBI Card maintains competitive advantage through its State Bank of India backing, extensive co-branded partnerships with airlines and retailers, and market leadership position as India's largest credit card issuer. The company competes in a fragmented but growing credit card market with established players and emerging fintech competitors.
Industry Context
SBI Cards and Payment Services Limited operates in Financial Services - Credit Cards & Payment Processing.
Key facts
Founded: 1998 · Headquarters: Gurugram, India · Employees: 4,250 · Revenue: $1.79B · Market cap: $7.97B