# SBICARD (SBICARD) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/sbicard

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹636.15
- Change: -0.13%
- As of: 2026-09-18
- 1D return: +2.23%
- 5D return: -2.27%
- 1M return: +0.63%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 17, 2026, SBICARD's technical stance is mixed, with short-term patterns suggesting potential reversal while longer-term trends indicate caution. Daily analysis shows the Supertrend indicator is bullish, with the price above it, but the price is below key moving averages like the 20-day EMA (646.29) and 50-day EMA (643.48). This suggests a short-term struggle against immediate overhead resistance. Weekly and monthly timeframes present a more bearish picture, with the Supertrend indicator in a bearish direction on both, and the price below multiple moving averages on these longer periods. This indicates a prevailing downtrend on longer timeframes.

Recent daily patterns include an active "Bullish Engulfing Reversal" and "Morning Star" formation as of September 17, 2026, which can signal a potential shift in short-term momentum. However, the stock has experienced significant anomalies, including a "wide_intraday_range" downward move on September 15, 2026, with a -0.06% return and high severity, and a "high_participation_no_clear_direction" weekly event on September 4, 2026, with a volume ratio of 5.09.

The nearest support level is observed at ₹636.7, approximately 0.04% below the current price of ₹636.95. Resistance is noted at ₹644.1, about 1.12% higher. The stock's current position is within its 20-day range, at 39% of the way up from the low. Volatility remains a factor, with an annualized volatility of 28% and a current drawdown of -0.37%.

- The stock closed at ₹636.95 on September 17, 2026.
- Nearest support is at ₹636.7 (0.04% below current price).
- Nearest resistance is at ₹644.1 (1.12% above current price).
- Daily patterns "Bullish Engulfing Reversal" and "Morning Star" are active.
- Weekly and monthly Supertrend indicators are bearish.

- Bullish Engulfing Reversal
- Morning Star
- Doji
- Harami
- Evening Star
- Inside Bar

### News Context

On September 15, 2026, PhonePe announced new co-branded credit card offerings, including the Wishcard, developed in partnership with HDFC Bank and SBI. These products are designed to cater to a broader segment of the Indian population, including Gen Z, homemakers, and freelancers, particularly those in semi-urban areas or with limited credit history. The initiative aims to leverage UPI usage patterns to extend formal credit access, offering benefits such as rewards and credit-building opportunities.

- On 2026-09-15, PhonePe unveiled co-branded credit cards with HDFC Bank and SBI, including the Wishcard for individuals with limited credit history.
- The new cards aim to extend formal credit to underserved segments like Gen Z, homemakers, and freelancers by building on UPI usage.
- These products are intended to provide rewards and facilitate credit history building for targeted consumer groups.

- Credit for the next 50 crore: How PhonePe’s new co-branded cards target India’s underserved

### What Changed

SBI Cards and Payment Services Limited (SBICARD) on NSE has recently announced its ESG Rating on September 18, 2026. This development provides updated information regarding the company's environmental, social, and governance performance. In terms of recent price action, the stock closed at ₹636.95 on September 17, 2026, an increase from its previous closing price of ₹618.1. The company's profile and listing on the NSE remain unchanged.

- On September 18, 2026, SBICARD informed the Exchange about its ESG Rating.
- The stock closed at ₹636.95 on September 17, 2026.
- The closing price on September 17, 2026, was higher than the previous closing price of ₹618.1.

- SBI Cards and Payment Services Limited has informed the Exchange about ESG Rating. |SUBJECT: General Updates

### Official Filings

SBI Cards and Payment Services Limited has been actively engaging with investors and analysts. On September 17, 2026, representatives participated in an institutional investor meeting organized by Jefferies, which included nine investment firms. Earlier, on September 15, 2026, the company held a one-on-one call with Mahindra Manu Life and also participated in a larger investor meeting organized by Jefferies attended by 30 institutional investors. In all these meetings, only information already in the public domain was shared. Additionally, on September 9, 2026, Crisil ESG Ratings & Analytics Ltd. assigned an ESG rating of 'Crisil ESG 71' under the 'Leadership' category to SBI Cards, based on fiscal 2026 data.

- On September 17, 2026, SBI Cards participated in an institutional investor meeting organized by Jefferies with nine investment firms.
- On September 15, 2026, SBI Cards held a one-on-one call with Mahindra Manu Life and attended a Jefferies-organized investor meeting with 30 institutional investors.
- Information shared in investor meetings on September 15 and 17, 2026, was limited to publicly available data.
- On September 9, 2026, SBI Cards received an ESG rating of 'Crisil ESG 71' (Leadership category) based on fiscal 2026 data.

- SBI Cards and Payment Services Limited has informed the Exchange about ESG Rating. |SUBJECT: General Updates
- SBI CARDS AND PAYMENT SERVICES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- SBI Cards and Payment Services Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- SBI CARDS AND PAYMENT SERVICES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- SBI Cards and Payment Services Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- SBI CARDS AND PAYMENT SERVICES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- SBI Cards and Payment Services Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- SBI Cards and Payment Services Limited has informed the Exchange about ESG Rating |SUBJECT: General Updates

### Fundamentals

SBI Cards and Payment Services reported revenue from operations of ₹5,040.55 crore for Q1 FY2026-27. This follows ₹4,934.50 crore in Q4 FY2025-26 and ₹5,127.26 crore in Q3 FY2025-26. Interest earned was ₹2,420.63 crore in the latest quarter, compared to ₹2,381.76 crore in the prior quarter and ₹2,536.38 crore in the quarter before that. The company recorded impairment on financial instruments of ₹947.68 crore in Q1 FY2026-27, a decrease from ₹1,096.82 crore in Q4 FY2025-26 and ₹1,222.16 crore in Q3 FY2025-26. Finance costs were ₹744.53 crore in Q1 FY2026-27, up from ₹713.62 crore in Q4 FY2025-26 but down from ₹785.07 crore in Q3 FY2025-26. Other income decreased to ₹164.81 crore in Q1 FY2026-27 from ₹252.54 crore in Q4 FY2025-26. Other expenses remained relatively stable, reported at ₹1,985.84 crore in Q1 FY2026-27, compared to ₹1,961.32 crore in Q4 FY2025-26 and ₹2,032.20 crore in Q3 FY2025-26.

Key areas to monitor include the trend in impairment on financial instruments, as this directly impacts profitability. The fluctuation in other income also warrants attention. The company's ability to manage finance costs while growing its interest earned will be crucial for its operating performance.

- Revenue from operations for Q1 FY2026-27 was ₹5,040.55 crore.
- Interest earned in Q1 FY2026-27 was ₹2,420.63 crore.
- Impairment on financial instruments decreased to ₹947.68 crore in Q1 FY2026-27.
- Finance costs in Q1 FY2026-27 were ₹744.53 crore.
- Other income for Q1 FY2026-27 was ₹164.81 crore.

### Bull Case

The company's operating performance shows some positive technical indicators on a daily basis. The Supertrend indicator is currently bullish, suggesting upward momentum. Additionally, the daily Exponential Moving Average (EMA) 20 shows a slight upward slope over 5 days, and the Simple Moving Average (SMA) 50 also displays a positive slope over 5 days, indicating recent positive price action. However, longer-term technical trends on the weekly and monthly charts are bearish, with the Supertrend indicator in a bearish direction on both timeframes. The company's market capitalization stood at ₹606,127,539,813.3 as of September 17, 2026.

- As of September 17, 2026, the daily Supertrend indicator was bullish.
- The daily EMA 20 slope over 5 days was positive, indicating recent upward price movement.
- The daily SMA 50 slope over 5 days was positive, suggesting recent positive price action.
- The company's market capitalization was ₹606,127,539,813.3 on September 17, 2026.

- Credit for the next 50 crore: How PhonePe’s new co-branded cards target India’s underserved

### Bear Case

The company's stock is exhibiting a bearish trend on a monthly and weekly basis, with key moving averages like the 20-day and 50-day Exponential Moving Averages (EMA) and Simple Moving Averages (SMA) trading above the current price. The monthly trend shows a Supertrend indicator pointing downwards, suggesting a potential for continued weakness. Furthermore, the stock has experienced a significant drawdown of -37% from its recent peak, with a maximum drawdown recorded at -44%, indicating substantial historical volatility and price erosion. Over the past year, the stock has returned -29%, and year-to-date returns are -26%, reflecting a challenging performance period.

- Monthly and weekly technical trends are indicated as bearish, with EMAs and SMAs above the current price.
- The stock has experienced a current drawdown of -37% and a maximum drawdown of -44%.
- The year-to-date return as of the latest data is -26%, and the one-year return is -29%.

- Credit for the next 50 crore: How PhonePe’s new co-branded cards target India’s underserved

### FAQs

**What recent analyst and investor interactions has SBI Cards and Payment Services reported?**

On September 17, 2026, SBI Cards and Payment Services representatives participated in investor meetings organized by Jefferies in Gurugram. These meetings involved participants from firms including GIC Private, Polar Capital, and Sumitomo Mitsui DS Asset Management. Separately, on September 15, 2026, the company held a one-on-one call with Mahindra Manu Life in Gurugram. In both instances, only information already available in the public domain was shared.

**How has SBI Cards and Payment Services performed over different time periods?**

As of September 17, 2026, SBI Cards and Payment Services has shown varied returns across different periods. The company's one-year return was -29%, and its year-to-date return was -26%. Over shorter periods, the one-month return was -1%, the three-month return was +2%, and the six-month return was -8%.

**What is the current technical trend for SBI Cards and Payment Services?**

As of September 17, 2026, the daily trend for SBI Cards and Payment Services is indicated as bullish by the Supertrend indicator, which is at 609.69. However, the weekly trend is indicated as bearish, with the Supertrend at 690.38. The closing price on this date was ₹636.95.

**What are the nearest support and resistance levels for SBI Cards and Payment Services?**

As of September 17, 2026, the nearest support level for SBI Cards and Payment Services is ₹636.70, which is approximately 0.04% below the current price. The nearest resistance level is ₹644.10, which is approximately 1.12% above the current price.

- Credit for the next 50 crore: How PhonePe’s new co-branded cards target India’s underserved
- SBI Cards and Payment Services Limited has informed the Exchange about ESG Rating. |SUBJECT: General Updates
- SBI CARDS AND PAYMENT SERVICES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- SBI Cards and Payment Services Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- SBI CARDS AND PAYMENT SERVICES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- SBI Cards and Payment Services Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Uptrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹631.5
- Risk regime: Higher Price Risk

### Support levels
- 637.1125
- 622.2
- 610.96875

### Resistance levels
- 670.45625
- 674.2
- 762.9749999999999

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +2.23% |
| return_10 | -1.49% |
| return_1m | +5.88% |
| return_1y | -26.98% |
| return_20 | +0.63% |
| return_3m | +4.19% |
| return_5 | -2.27% |
| return_6m | -9.00% |
| return_since_start | -3.93% |
| return_ytd | -24.24% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -44.12% |
| annualized_volatility | +27.88% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Credit Loss Reduction Drives Profit Growth Amid Modest Revenue Expansion

SBI Cards and Payment Services Ltd. reported a 19.5% year-on-year increase in net profit for the quarter ended June 30, 2026. The earnings improvement followed a fourth consecutive quarterly decline in credit impairment charges, which fell nearly 30% compared to the same period last year. Revenue from operations grew modestly by 3.4%, supported by fee-based earnings that compensated for a drop in interest income. While other operating expenses rose, the combined reduction in impairment and finance costs more than covered the increase, lifting pre-tax and net profit margins.

## Revenue Composition and Growth

Revenue from operations increased 3.4% year-on-year to ₹5,040.55 crore and rose 2.1% from the preceding quarter. This expansion occurred alongside a 2.9% decline in interest earned, which fell to ₹2,420.63 crore. Fees and commission income totaled ₹2,405.54 crore in the quarter. Other income was ₹164.81 crore, up marginally from a year ago but down 34.7% from the previous quarter, reversing a higher reading recorded in March.

## Credit Impairment Decline

Impairment on financial instruments fell to ₹947.68 crore, representing a 29.9% decrease from the year-ago quarter and a 13.6% sequential drop. The charge has declined every quarter since ₹1,351.55 crore in the first quarter of FY2025-26. The latest quarter recorded the largest absolute reduction in the sequence at ₹149.14 crore, along with the steepest percentage decline. This sustained downward trajectory in credit losses provided a direct and substantial boost to operating profitability.

## Expense Management

Finance costs were ₹744.53 crore, 8.4% lower than a year ago, though they increased 4.3% sequentially from the previous quarter. Other expenses amounted to ₹1,985.84 crore, up 14.2% year-on-year but relatively flat sequentially with a 1.3% increase. The combined savings from lower impairment and finance costs more than absorbed the year-on-year rise in other expenses, leaving a net positive impact on the bottom line.

## Profitability

Profit before tax grew 19.3% year-on-year to ₹893.13 crore, and net profit rose 19.5% to ₹664.44 crore. Basic earnings per share increased to ₹6.98 from ₹5.84 a year ago. Profit growth significantly outpaced the modest revenue expansion, as the reduction in impairment and finance costs served as the primary driver of earnings improvement.

## Key Takeaway

Earnings for the quarter ended June 30, 2026, were driven by a sustained four-quarter decline in credit impairment charges, which fell nearly 30% year-on-year. Revenue expanded modestly, with fee income compensating for lower interest earnings. Lower impairment and finance costs more than offset rising other expenses, resulting in a 19.5% increase in net profit.

### Ratios

## Official filings

- 2026-09-18 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICARDS_18092026122633_SEFilingESGRating.pdf)
- 2026-09-17 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17645_WebXMLFile_20260917_184206855.xml)
- 2026-09-17 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICARDS_17092026183635_SEFilingInvestorMeetJefferies17Sep.pdf)
- 2026-09-15 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17645_WebXMLFile_20260915_183402568.xml)
- 2026-09-15 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICARDS_15092026182731_SEFilingOneonOne15September.pdf)
- 2026-09-15 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICARDS_15092026204051_DraftInvestorAnalystConcallgroupJefferies.pdf)
- 2026-09-15 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17645_WebXMLFile_20260915_205120374.xml)
- 2026-09-11 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17645_WebXMLFile_20260911_122914777.xml)
- 2026-09-11 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICARDS_11092026122042_SEFilingInvestorMeetGroup17September.pdf)
- 2026-09-09 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICARDS_09092026162609_SEFilingESG.pdf)
- 2026-09-08 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17645_WebXMLFile_20260908_184950840.xml)
- 2026-09-08 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICARDS_08092026184041_SEFilingInvestorMeetGroupMeeting.pdf)
- 2026-09-05 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICPSL_05092026195703_SEfiling.pdf)
- 2026-09-03 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICPSL_03092026173608_SEFilingESGSCORE.pdf)
- 2026-09-02 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICARDS_02092026184326_SEFilingInvestorMeetOneonOneSeptember.pdf)
- 2026-09-02 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17645_WebXMLFile_20260902_184947021.xml)
- 2026-09-01 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICARDS_01092026160208_SEFilingInvestorMeetSeptember.pdf)
- 2026-09-01 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17645_WebXMLFile_20260901_161418550.xml)
- 2026-09-01 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICARDS_01092026192758_SEFilingInvestorMeetGroupCallSeptember.pdf)
- 2026-09-01 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17645_WebXMLFile_20260901_193958619.xml)
- 2026-08-31 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICARDS_31082026153702_SEFilingProceedingAugust2026.pdf)
- 2026-08-31 — Regulatory Filing: Sbi Cards And Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1719593_31082026084155_WEB.xml)
- 2026-08-31 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICARDS_31082026203639_SEFIlingVotingResults2026.pdf)
- 2026-08-28 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SBICARDS_28082026174725_SEFilingCancellationInvestorMeet28August2026.pdf)
- 2026-08-28 — Generic Announcement: SBI Cards and Payment Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17645_WebXMLFile_20260828_181044632.xml)

## News and market events

- 2026-09-15 — Economic Times: **Credit for the next 50 crore: How PhonePe’s new co-branded cards target India’s underserved** — At GFF 2026, PhonePe unveiled a suite of co-branded credit cards with HDFC Bank and SBI, plus the Wishcard for consumers with limited or no credit history. The products build on UPI-era behaviour to tap into formal credit, aiming to bring rewards, flexibility and credit-history building to Gen Z, homemakers, freelancers and semi-urban India. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/credit-for-the-next-50-crore-how-phonepes-new-co-branded-cards-target-indias-underserved/articleshow/134264904.cms)
- 2026-09-07 — Economic Times: **Nifty Outlook: Analysts pick key levels and stocks to watch** — Nifty has experienced a decline for four straight weeks, breaking through the crucial 24,000 support level. Experts recommend adopting a market-neutral approach to capitalize on expected volatility. Among the stocks to watch are APL Apollo Tubes and One 97 Communications, which may offer promising returns. The Bank Nifty indicates upward trends, encouraging investors to buy on dips around 56,400. Additionally, Hindustan Oil Exploration Company and Engineers India present attractive opportunities... — [Source](https://economictimes.indiatimes.com/markets/stocks/news/nifty-extends-losing-streak-breaks-24000-support/articleshow/133859423.cms)
- 2026-09-02 — Economic Times: **'Revolver' misfire hits credit card issuers: India's credit card boom sees lower bank profits** — Credit card profits are shrinking for Indian banks as spending rises. Customers now use cards more for payments than borrowing, reducing interest income. Interest-bearing balances have significantly fallen as a percentage of total card spending. This trend is impacting major lenders like HDFC Bank and SBI Cards. Analysts predict further profit margin declines in the coming years. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banking/revolver-misfire-hits-credit-card-issuers-indias-credit-card-boom-sees-lower-bank-profits/articleshow/133719476.cms)
- 2026-08-31 — CNBC-TV18: **Here's what transpired in today's CAS that triggered a 600-point jump on the Nifty Bank** — At the end of the closing auction session, the turnover logged on the NSE website showed a figure of ₹39,717 crore, the highest since the implementation of CAS. The average daily turnover has ranged between ₹1,000 crore to ₹1,200 crore. — [Source](https://www.cnbctv18.com/market/nifty-bank-sees-sharp-upmove-in-cas-record-nse-turnover-msci-rebalancing-eternal-laurus-icici-axis-adani-share-price-19980557.htm)
- 2026-08-31 — BUSINESSTODAY: **SBI Card loses ground while ICICI rebounds: How India’s biggest card issuers performed in July** — SBI Card loses ground while ICICI rebounds: How India’s biggest card issuers performed in July — [Source](https://www.businesstoday.in/personal-finance/story/sbi-card-loses-ground-while-icici-rebounds-how-indias-biggest-card-issuers-performed-in-july-552259-2026-08-31)
- 2026-08-27 — Mint: **BIG DEAL | ICICI Prudential raises stake in SBI Cards and Payment Services to 7.30%** — ICICI Prudential Mutual Fund raised its stake in SBI Cards and Payment Services to 7.30% by acquiring 2.02 crore shares. The latest purchase on August 25, 2026, involved 21.61 lakh shares, reflecting a notable increase from the previous 5.18% stake. — [Source](https://www.livemint.com/market/stock-market-news/big-deal-icici-prudential-raises-stake-in-sbi-cards-and-payment-services-to-730-11787818758122.html)
- 2026-08-26 — CNBC-TV18: **SBI Card shares gain as July spend growth outpaces industry** — SBI Cards gained nearly 2% after July data showed a 21.6% year-on-year rise in spends, significantly ahead of industry growth, while 1.83 lakh cards were added during the month, taking cards outstanding to 2.28 crore. — [Source](https://www.cnbctv18.com/market/sbi-card-shares-gain-as-july-spend-growth-outpaces-industry-19977489.htm)
- 2026-08-26 — Economic Times: **India adds 1.26 million credit cards in July as spending rises; HDFC, SBI lead the way** — healthy demand Industry card additions rise 11.5% over June; Card spends hold above ₹2 lakh-crore mark; Transaction volumes surge but the value per transaction declines — [Source](https://economictimes.indiatimes.com/markets/stocks/news/india-adds-1-26-million-credit-cards-in-july-as-spending-rises-hdfc-sbi-lead-the-way/articleshow/133526854.cms)
- 2026-07-26 — Economic Times: **Cards continue to fly; credit goes to the big players** — The additions were led, once again, by the country's largest issuers. HDFC Bank topped the list, adding 163,000 net new credit cards and edging past SBI Cards, which added 162,000. ICICI Bank added 151,000 cards, while Federal Bank continued its strong momentum with 101,000 net new additions. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banking/cards-continue-to-fly-credit-goes-to-the-big-players/articleshow/132647421.cms)
- 2026-07-24 — The Hindu: **Q1 Results Today Live: Tata Consumer con. PAT up 28.4%, ACC PAT declines 61.5%, Shriram Finance, Hindustan Zinc, SBI Life, SBI Cards, Laurus Labs Q1 profit rise, BoB, NTPC, SAIL, KFin Tech to announce Q1 results** — Q1 Results Today, July 24, 2026, Live Updates: Follow businessline for more updates — [Source](https://www.thehindubusinessline.com/markets/fy27-q1-results-today-live-updates-shriram-finance-hindustan-zinc-dalmia-bharat-tata-consumer-jindal-steel-lodha-laurus-labs-sbi-life-cg-power-ntpc-infosys-indigo-cipla-results-24-july-2026/article71257341.ece)
- 2026-07-24 — CNBC-TV18: **SBI Card Q1 net profit rises 20% on lower provisions and 27% growth in card spends** — Shares of SBI Card and Payment Services Ltd ended at ₹618.95, down by ₹2.80, or 0.45%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/sbi-cards-payment-services-share-price-q1-net-profit-rises-20-on-lower-provisions-and-27-growth-in-card-spends-19953502.htm)
- 2026-07-24 — CNBC-TV18: **Q1 Results LIVE Update: Bank of Baroda Q1 profit crashes 72% to ₹1,278 crore after ₹5,680 crore exceptional loss** — Q1 Results LIVE Updates: SBI Life, Shriram Finance Tata Consumer Products, NTPC, ACC, Atul, Bank of Baroda, Apar Industries, CG Power, CreditAccess Grameen, CONCOR, DCB Bank, Dalmia Bharat, Greenply Industries, Jindal Steel, Dr Lal Pathplabs, Kfin Tech, New India Assurance, Laurus Labs, Ramkrishna Forgings, Sapphire Foods, Shakti Pumps, SBI Cards, Sterlite Tech, V-Mart, Welspun Corp, are among the companies reporting their Q1 results today. Also watch for earnings reactions from Infosys, IndiGo and others. Stay tuned for all the LIVE earnings updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-infosys-indigo-shriram-finance-ntpc-tata-consumer-sbi-life-bob-boi-dcb-bank-concor-cg-power-share-price-liveblog-19952847.htm)
- 2026-07-23 — Economic Times: **Stock Radar: SBI Cards & Payment Services stock showing signs of turnaround after falling over 30% from highs; time to buy?** — SBI Cards stock is showing potential for an uptrend after a significant fall. Experts suggest buying the stock for a target of Rs 800 in coming weeks. The stock has broken above a descending trendline on rising volume. Momentum indicators are showing a bullish shift, signaling accumulation. Traders with a high-risk profile can consider this opportunity. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stock-radar-sbi-cards-payment-services-stock-showing-signs-of-turnaround-after-falling-over-30-from-highs-time-to-buy/articleshow/132556265.cms)
- 2026-07-20 — Mint: **Stock market today: Gift Nifty hints a weak start; eight day trading stocks to buy on Monday, 20 July** — Indian stock market is expected to open lower on Monday amid US-Iran tensions and rising oil prices. Sensex previously surged, but geopolitical uncertainties continue to impact sentiment. Investors await June-quarter earnings from major banks to gauge market direction. — [Source](https://www.livemint.com/market/stock-market-news/stock-market-today-gift-nifty-hints-a-weak-start-eight-day-trading-stocks-to-buy-on-monday-20-july-11784511569988.html)
- 2026-07-18 — The Hindu: **F&O Strategy: Buy SBI Cards Call** — Buy SBI Cards August 650-call for potential gains; maximum loss capped at ₹20,840 with a target of ₹40-42. — [Source](https://www.thehindubusinessline.com/portfolio/commodity-analysis/fo-strategy-buy-sbi-cards-call/article71237495.ece)
- 2026-07-16 — Mint: **MSCI India August Review: Groww, Adani Green, Adani Energy among likely additions; Astral, SBI Cards face exclusion risk** — MSCI India Standard Index rebalancing is scheduled to be announced on August 12 after market hours, which could see as many as 12 inclusions and three exclusions. This is estimated to lead to potential passive inflows of around $2.3 billion. The changes will take effect from August 31. — [Source](https://www.livemint.com/market/stock-market-news/msci-india-august-review-groww-adani-green-adani-energy-among-likely-additions-astral-sbi-cards-face-exclusion-risk-11784183549493.html)
- 2026-07-16 — FREEPRESSJOURNAL.IN: **MSCI India Index Rejig May Trigger $2.3 Billion Passive Inflows** — The upcoming MSCI India Standard Index review on August 12 could lead to up to 12 stock inclusions and three exclusions, attracting estimated passive inflows of around $2.3 billion. Adani Green, Groww and Adani Energy Solutions are among the likely additions, while Astral and SBI Cards face possible removal — [Source](https://www.freepressjournal.in/business/msci-india-index-rejig-may-trigger-23-billion-passive-inflows)

## Business profile

**Strategic vision:** Issues credit cards to consumers and corporations in India.

### Business segments
- **Consumer Credit Cards:** Offers a range of credit cards tailored to different spending segments, including lifestyle, premium, shopping, and cashback options.
- **Corporate Credit Cards:** Provides corporate card solutions designed to manage business travel expenses, procurement spending, and corporate utility payments.

### Competitive strengths
- Subsidiary of State Bank of India, leveraging its extensive branch network.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/sbicard
Markdown representation: https://faxioms.com/stocks/sbicard?render=md