SBI Cards and Payment Services share price
NSE: SBICARDBSE: 543066FinanceMid Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹528.05.
28 Oct: open ₹528.00, high ₹528.35, low ₹519.05
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹50,204 Cr161st largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 19.25
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 2.92
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.47%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 16.3%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Net interest margin in the glossary
- 11.24%
- Cost of fundsCost of funds. Interest paid ÷ the average of what the company pays interest on × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Cost of funds in the glossary
- 6.90%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Credit cost in the glossary
- 9.11%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026. Return on assets in the glossary
- 3.29%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Assets per rupee of net worth in the glossary
- 4.47times net worth
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 12,09,80448.1% delivered
About SBI Cards and Payment Services
SBI Cards and Payment Services Limited issues credit cards in India and is a subsidiary of State Bank of India.1 It is a non-banking financial company, a lender that is not a bank.2 Its cards meet customers' payment and short-term credit needs, for cardholders ranging from super-premium and premium to mass-market and first-time borrowers, and it also issues corporate cards to companies.13
Its range is split into core cards, such as AURUM, SBI Card Elite and SBI Card PRIME, and co-brand cards made with retail, travel, fuel and banking partners.4 Its registered office is in New Delhi and its corporate office in Gurugram, Haryana.5 It has no subsidiaries.6
It was incorporated in 1998 and in 2020 became the first pure-play credit card company, one that does nothing but credit cards, to list on the BSE and NSE.78
State Bank of India held 68.58% of the shares at the end of Sep 2026, and its promoter group, the bank with its subsidiaries, 68.86%.9 The bank deputes the managing director and chief executive: Salila Pande, a deputy managing director of State Bank of India, took charge on 1 Apr 2025.1011
SBI Cards and Payment Services key points
Results
- In the quarter to Sep 2026, revenue from operations was ₹5,141 crore, up 4% from a year earlier, and profit after tax was ₹778 crore, up 75%.1213
- Revenue from operations in the quarter to Sep 202614
Item quarter to Sep 2026 Interest income ₹2,511 crore Fees and other revenue ₹2,630 crore - In the year to Mar 2026, revenue from operations was ₹19,900 crore, up 10%, and profit after tax ₹2,167 crore, up 13%.15
- Return on average assets, annualised profit as a share of assets, was 4.4% in the quarter to Sep 2026 and return on average equity 18.4%, against 3.2% and 14.6% in the year to Mar 2026.1617
Market position
- The company held 18.6% of India's credit cards in force and, in RBI data for June 2026, 19.5% of card spends, up from 18.1% in the year to Mar 2026.18
- SBI Card is the second-largest credit card issuer by cards in force, spends and transactions, and its net addition of 4.84 lakh cards in the quarter to Jun 2026 was the highest in the industry.19
Card spends
- Cardholders spent ₹1,10,689 crore in the quarter to Sep 2026, up 3% from a year earlier; retail spends were ₹95,299 crore, up 6%. Corporate card spends were ₹15,390 crore, against ₹17,452 crore a year earlier.2021
- In the year to Mar 2026, cardholders spent ₹4,30,359 crore, up 29%: retail spends were ₹3,53,764 crore, up about 15%, and corporate card spends ₹76,595 crore, up 210%.222324
- Online purchases made up 63% of retail spends in the quarter to Jun 2026.25
Loan book and deposits
- Receivables, the amounts cardholders owe, were ₹58,376 crore at the end of Sep 2026, down 2% from a year earlier; about 55% of them earned interest.2026
- At the end of Sep 2026, gross non-performing assets, overdue balances classed as bad loans, were 1.90% of receivables and 0.77% net of provisions; gross credit cost, write-offs and provisions as an annualised share of receivables, was 5.6% for the quarter.27
- The company's capital adequacy ratio, capital as a share of risk-weighted assets, was 26.5% at the end of Sep 2026.28
- ICRA's rating rationale, in the company's filing of 23 Oct 2026, said bank loans and credit lines made up 86.0% of funding at the end of June 2026 and debentures 13.7%, and State Bank of India was the largest lender, with 47% of borrowings.2930
Branches and reach
- There were 2.32 crore cards in force at the end of Sep 2026, up 8% from a year earlier, and 11.06 lakh new accounts were opened in the quarter, up 18%.31
- In the year to Mar 2026, the company had a presence in 206 cities, more than 200 sourcing locations and over 170 kiosks at airports, malls, metro stations and corporate parks.3233
- In the quarter to Jun 2026, about 47% of new accounts came through Banca, State Bank of India's distribution network, and 53% from the open market.34
Customers and partners
- In the year to Mar 2026 the company launched co-branded cards with Tata Neu, Flipkart, IndiGo and PhonePe, and a partnership card with Bank of Maharashtra.3536
- By its presentation of 23 Oct 2026, the company had launched the Google Pay Flex SBI Card with Google Pay.37
- The BPCL SBI Card, a fuel co-brand card, crossed the 5 million milestone in the quarter to Jun 2026.38
What the company expects
- On its earnings call of 24 Jul 2026, the company said it expects return on assets of 4% to 4.5% over the medium term.39
- On its earnings call of 24 Jul 2026, the company said it expects a cost-to-income ratio, operating costs as a share of net revenue, of about 56% to 58% for the current financial year. It was 58.7% in the quarter to Sep 2026.4041
- On its earnings call of 24 Jul 2026, the company said it expects asset growth to pick up from the half year to Mar 2027, helped by more new accounts and the festive season.42
- On its earnings call of 24 Jul 2026, the company said it aims to keep corporate card spends at around 20% of total spends, which it called the higher end of its range, and that they could go below 20%.43
Recent events
- On 23 Oct 2026, ICRA reaffirmed its AAA (Stable) long-term rating on the company's debt instruments and bank facilities, and its A1+ short-term rating on its bank lines and commercial paper, with ₹75,050 crore rated in all.44
- On 17 Nov 2025, Crisil Ratings reaffirmed its AAA/Stable and A1+ ratings and raised the bank loan facilities it rates to ₹62,000 crore from ₹57,000 crore.45
Last updated
All 45 sources, each with its page
- 1. Annual report, 3 Aug 2026, page 260
- 2. Annual report, 3 Aug 2026, page 272
- 3. Annual report, 3 Aug 2026, page 199
- 4. Investor presentation, 23 Oct 2026, page 26
- 5. Annual report, 3 Aug 2026, page 2
- 6. Annual report, 3 Aug 2026, page 318
- 7. Annual report, 3 Aug 2026, page 2
- 8. Annual report, 3 Aug 2026, page 44
- 9. Investor presentation, 23 Oct 2026, page 21
- 10. Annual report, 3 Aug 2026, page 176
- 11. Annual report, 3 Aug 2026, page 58
- 12. Investor presentation, 23 Oct 2026, page 11
- 13. Investor presentation, 23 Oct 2026, page 5
- 14. Investor presentation, 23 Oct 2026, page 12
- 15. Annual report, 3 Aug 2026, page 48
- 16. Investor presentation, 23 Oct 2026, page 5
- 17. Annual report, 3 Aug 2026, page 48
- 18. Earnings call, 24 Jul 2026, page 4
- 19. Earnings call, 24 Jul 2026, page 4
- 20. Investor presentation, 23 Oct 2026, page 5
- 21. Investor presentation, 23 Oct 2026, page 7
- 22. Annual report, 3 Aug 2026, page 48
- 23. Annual report, 3 Aug 2026, page 70
- 24. Annual report, 3 Aug 2026, page 199
- 25. Earnings call, 24 Jul 2026, page 4
- 26. Investor presentation, 23 Oct 2026, page 7
- 27. Investor presentation, 23 Oct 2026, page 5
- 28. Investor presentation, 23 Oct 2026, page 5
- 29. Exchange filing, 23 Oct 2026, page 5
- 30. Exchange filing, 23 Oct 2026, page 4
- 31. Investor presentation, 23 Oct 2026, page 5
- 32. Annual report, 3 Aug 2026, page 149
- 33. Annual report, 3 Aug 2026, page 199
- 34. Earnings call, 24 Jul 2026, page 4
- 35. Annual report, 3 Aug 2026, page 49
- 36. Annual report, 3 Aug 2026, page 199
- 37. Investor presentation, 23 Oct 2026, page 28
- 38. Earnings call, 24 Jul 2026, page 4
- 39. Earnings call, 24 Jul 2026, page 5
- 40. Earnings call, 24 Jul 2026, page 15
- 41. Investor presentation, 23 Oct 2026, page 11
- 42. Earnings call, 24 Jul 2026, page 5
- 43. Earnings call, 24 Jul 2026, page 10
- 44. Exchange filing, 23 Oct 2026, page 1
- 45. Exchange filing, 17 Nov 2025, page 1
Results
Standalone; ₹ crore. Income from operations is what the business earns: interest on loans, fees, dividends and the rest.SBI Cards and Payment Services quarterly results
- Income from operations growth, 12 monthsIncome from operations growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +5.8%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +36.0%
Quarter to Sep 2026, against the quarter before
- Income from operationsIncome from operations. The pill is the change in income from operations against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹5,141 Crup 1.98%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹778 Crup 17.03%
Income from operations by quarter
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Income from operations | 4,619 | 4,674 | 4,877 | 4,961 | 5,127 | 4,935 | 5,041 | 5,141 |
| Net profit | 383 | 534 | 556 | 445 | 557 | 609 | 664 | 778 |
Year to Mar 2026, against the year before
- Income from operationsIncome from operations. The pill is the change in income from operations against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹19,900 Crup 10.11%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹2,167 Crup 13.06%
Income from operations by year
Net profit by year, a loss in red
| ₹ crore | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Income from operations | 9,276 | 9,277 | 10,677 | 13,667 | 16,968 | 18,072 | 19,900 |
| Net profit | 1,245 | 985 | 1,616 | 2,258 | 2,408 | 1,916 | 2,167 |
Business segments
In the year to Mar 2026 the company reports one business segment, CREDIT CARD BUSINESS, which carries all its revenue.
Valuation
Today, against the company's own history.SBI Cards and Payment Services PE ratio and valuation
At or below today's level on 0.1% of 1,236 trading days over the last 5 years.
At or below today's level on 0.1% of 1,236 trading days over the last 5 years.
At or below today's level on 100% of 1,230 trading days over the last 5 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −27.5% | +13.0% | −36.2% | 0.4% |
| 3 years | −4.6% | −1.6% | −3.4% | 0.3% |
| 5 years | −7.0% | +16.8% | −20.6% | 0.3% |
Mutual fund holdings
144 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 77 of the 95 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 3 more funds filed their first portfolio on record, holding it.All 144 funds holding SBI Cards and Payment Services
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 5
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 13
- AddedAdded. Funds that held more shares than at the end of the month before.
- 56
- CutCut. Funds that held fewer shares than at the end of the month before.
- 39
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 28
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 6
| Fund | |||
|---|---|---|---|
| 2,66,35,917 | 4.87% | ₹1,539.7 Cr | |
| 2,09,10,198 | 1.44% | ₹1,208.7 Cr | |
| 76,22,846 | 1.21% | ₹440.6 Cr | |
| 65,52,665 | 0.70% | ₹378.8 Cr | |
| 57,51,671 | 3.09% | ₹332.5 Cr | |
| 46,77,569 | 3.35% | ₹270.4 Cr | |
| 46,00,000 | 3.67% | ₹265.9 Cr | |
| 43,39,814 | 0.49% | ₹250.9 Cr | |
| 42,76,669 | 3.36% | ₹247.2 Cr | |
| 30,80,000 | 0.44% | ₹178.0 Cr |
Promoter and insider buying and selling
Trades made since 28 Oct 2025.SBI Cards and Payment Services insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade · 60 pledge filings of unclear kind
- Others: no market trade · 1 pledge filing of unclear kind
SBI Cards and Payment Services competitors and peers
Non Banking Financial Company (NBFC), 279 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to SBI Cards and Payment Services in market cap.Finance companies
Where the company sits among the companies nearest its size
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1,95,903 | 15.44 | 1.76 | +13.8% | +28.6% | 14.7% | – | 3.26% | 9.00% | 1.30% | |
| 1,32,503 | 23.04 | 4.35 | +19.6% | +29.1% | 21.3% | – | 2.34% | 6.79% | 0.13% | |
| 1,31,294 | 22.01 | 2.68 | – | – | 14.0% | – | – | – | 0.18% | |
| 96,059 | 8.45 | 2.45 | +50.7% | +84.8% | 33.2% | – | 6.46% | 12.81% | 1.25% | |
| 43,599 | 19.64 | 2.93 | +13.7% | +15.6% | 15.8% | – | 2.56% | 4.60% | 1.02% | |
| 42,683 | 22.48 | 1.38 | – | – | 6.5% | – | – | – | 0.61% | |
| 41,956 | 20.03 | 2.85 | −34.5% | −48.8% | 14.2% | 13.3% | – | – | 0.00% | |
| 41,797 | 14.12 | 1.89 | – | – | 14.3% | – | – | – | 0.80% |
Dividends
Per share, by the year it was paid for, and the latest payments.SBI Cards and Payment Services dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 11 Mar 2026 | Interim | ₹2.50 |
| 25 Feb 2025 | Interim | ₹2.50 |
| 28 Mar 2024 | Interim | ₹2.50 |
| 29 Mar 2023 | Interim | ₹2.50 |
| 30 Mar 2022 | Interim | ₹2.50 |
| 15 May 2020 | Interim | ₹1.00 |
Latest announcements
Routine notices left out.SBI Cards and Payment Services announcements
Oct 2026
23 Oct · Rating
23 Oct · Results
19 Oct · Analysts
19 Oct · Board meeting
SBI Cards and Payment Services annual report, year to Mar 2026
SBI Cards and Payment Services share price by year
Each calendar year to 2025.SBI Cards and Payment Services share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 861.70 | +29.8% | 1,017.00 | 677.80 |
| 2024 | 663.85 | −12.6% | 805.20 | 663.85 |
| 2023 | 759.65 | −4.5% | 927.70 | 699.35 |
| 2022 | 795.50 | −14.3% | 1,000.80 | 675.10 |
| 2021 | 928.15 | +9.1% | 1,140.75 | 852.85 |
| 2020 | 851.05 | – | 900.20 | 498.75 |
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 538.30 | 540.40 | 526.75 | 528.05 | 531.77 | 16,26,653 | 46.5% |
| 26 Oct 2026 | 536.50 | 549.50 | 533.05 | 538.30 | 541.14 | 17,00,251 | 40.5% |
| 23 Oct 2026 | 568.00 | 569.45 | 525.00 | 545.55 | 550.31 | 28,31,363 | 25.1% |
| 22 Oct 2026 | 554.45 | 571.15 | 545.55 | 566.30 | 563.08 | 9,58,486 | 37.0% |
| 21 Oct 2026 | 567.50 | 571.15 | 551.10 | 557.95 | 555.15 | 9,45,380 | 57.4% |
| 19 Oct 2026 | 566.30 | 581.40 | 565.30 | 567.40 | 574.92 | 15,01,957 | 30.2% |
| 16 Oct 2026 | 573.20 | 575.85 | 561.25 | 564.20 | 567.76 | 7,16,744 | 53.8% |
| 15 Oct 2026 | 566.00 | 578.75 | 564.25 | 573.20 | 573.86 | 10,22,687 | 65.8% |
| 14 Oct 2026 | 572.00 | 572.00 | 564.10 | 568.00 | 567.44 | 7,78,170 | 52.4% |
Company details
- NSE symbol
- SBICARD
- BSE code
- 543066
- ISIN
- INE018E01016
- Industry
- Finance
- Website
- www.sbicard.com
- CIN
- L65999DL1998PLC093849
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1998
- Registered office
- Unit 401 & 402, E-1,2,3, Aggarwal Millennium Tower, 4th Floor, Netaji Subhash Place, Wazirpur, New Delhi 110034, Delhi
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments