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SBI Cards & Payment Services Limited
Company typeCredit card company
ISININE018E01016
IndustryPayment card industry
FoundedMay 1998; 25 years ago (1998-05)[1]
Headquarters
Gurugram
,
India
Area served
India
Key people
Abhijit Chakravorty
(MD & CEO)[2]
ProductsCredit cards
Services
  • Credit Cards
  • Payments
RevenueIncrease ₹13,677 crore (US$1.7 billion)(FY23)[3]
Increase ₹2,258 crore (US$280 million)(FY23)[3]
Total assetsIncrease ₹50,388 crore (US$6.3 billion)(FY23)[3]
Websitewww.sbicard.com

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 launched in May 1998 by State Bank of India and GE Capital. In December 2017, State Bank of India and CA Rover Holdings, a unit of The Carlyle Group[4] acquired stake in the company. SBI Card is headquartered in Gurugram, Haryana/Delhi NCR. The company is the only publicly listed pure-play credit card issuer in India.[5]

See also

References

  1. ^ "SBI Card to focus on "hyper-personalisation" for improved customer engagement: Rama Mohan Rao Amara - The Hindu BusinessLine".
  2. ^ "SBI Card appoints Abhijit Chakravorty as MD & CEO for two years - The Hindu BusinessLine".
  3. ^ a b c "Outcome of Board Meeting" (PDF).
  4. ^ "Company Overview of SBI Cards & Payment Services Private Limited" Bloomberg Businessweek. Retrieved 10 January 2013.
  5. ^ Livemint (9 June 2022). "SBI Cards top stock pick after RBI allows linking of credit cards with UPI". mint. Retrieved 17 July 2022.
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