SBI Card has surpassed the 2 crore cards in force milestone, highlighting its commitment to delivering innovative solutions and enhancing customer experiences across the nation. This achievement also underscores SBI Card`s pivotal role in transforming India`s credit card landscape, and its promise of `Currency of Digital India`. Since its inception in 1998, SBI Card has been a pioneer in designing a wide range of products to � meet diverse customer needs. From thoughtful core cards, co-branded partnerships with premium brands, to rewards-driven and lifestyle-centric offerings, SBI Card has consistently set new benchmarks for customer-focused innovation in the Indian credit card industry and strengthened its leadership in the market. SBI Card has witnessed strong growth of around 25% CAGR in cards in force, and 26% CAGR in spends, between FY19 and FY24.Powered by Capital Market - Live News

The Board of SBI Cards & Payment Services at its meeting held on 22 November 2024 has approved the appointment of Challa Sreenivasulu Setty (DIN: 08335249) as Nominee Director (nominated by State Bank of India) and Chairman of the Board of the Company with immediate effect, subject to the approval of shareholders of the Company. Powered by Capital Market - Live News

Net profit of SBI Cards & Payment Services declined 32.93% to Rs 404.42 crore in the quarter ended September 2024 as against Rs 602.98 crore during the previous quarter ended September 2023. Sales rose 8.16% to Rs 4421.04 crore in the quarter ended September 2024 as against Rs 4087.33 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales4421.044087.33 8 OPM %28.2432.47 - PBDT595.56856.19 -30 PBT545.21809.39 -33 NP404.42602.98 -33 Powered by Capital Market - Live News

SBI Cards & Payment Services will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live News

SBI Cards & Payment Services has allotted 36,500 equity shares under ESOP on 23 October 2024. With this allotment, the paid up equity share capital has increased to Rs. 9,51,30,42,740 /- consisting of 95, 13,04,274 equity shares of Rs. 10/- each.Powered by Capital Market - Live News