Open Demat Account

50years
50 Years
of Trust & Legacy
₹0 AMC
for First Year
₹0 Brokerage
on Delivery, Intraday, Currency and NSE F&O
left-arrow
Fundamentals
Financials
Shareholding
Resistance/Support
Delivery and Volume
About
Management
News
Similar Stocks
right-arrow

SBI Cards & Payment Services Ltd Performance

Today's Low
712.50
arrowIcon
Today's High
731.35
52 Wk Low
678.90
arrowIcon
52 Wk High
933.00


Open

714

Traded Value (Cr)

73.54 Cr

Prev. Close

721.4

VWAP

725.15

Volume

9,24,924

Face Value

10

SBI Cards & Payment Services Ltd F&O

SBI Cards & Payment Services Ltd Option Chain

SBI Cards & Payment Services Ltd Financials

SBI Cards & Payment Services Ltd Financials

SBI Cards & Payment Services Ltd Shareholding Pattern

Held By Dec 2023 Sep 2023 Jun 2023 Mar 2023
Promoters 68.75 % 68.94 % 68.96 % 69.02 %
Mutual Funds 10.66 % 11.73 % 11.79 % 12.16 %
FII 9.35 % 9.09 % 9.48 % 8.45 %
Others 6.22 % 6.15 % 6.02 % 5.99 %
Retail 5.02 % 4.10 % 3.75 % 4.38 %

Promoters

68.75%

Mutual Funds

10.66%

FII

9.35%

Others

6.22%

Retail

5.02%

Promoters

68.94%

Mutual Funds

11.73%

FII

9.09%

Others

6.15%

Retail

4.10%

Promoters

68.96%

Mutual Funds

11.79%

FII

9.48%

Others

6.02%

Retail

3.75%

Promoters

69.02%

Mutual Funds

12.16%

FII

8.45%

Others

5.99%

Retail

4.38%

Resistance and Support

₹723.42

PIVOT

resistance-arrow
Resistance
First Resistance₹730.333
Second Resistance₹739.267
Third Resistance₹746.183
support-arrow
Support
First Resistance₹714.483
Second Resistance₹707.567
Third Resistance₹698.633
RSI57.619
MACD18.176
ADX36.456
CCI56.959

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day924,924425,26641.97
Week1,695,490694,47064.31
1 Month2,045,5951,125,40957.84
6 Months924,924924,924100.00

About SBI Cards & Payment Services Ltd

SBI Cards and Payment Services Limited was incorporated as a private limited company with the name 'SBI Cards and Payment Services Private Limited' on May 15, 1998 in New Delhi. On the conversion of Company to a public limited company, the name was changed to, 'SBI Cards and Payment Services Limited' on August 20, 2019. The Company is engaged in the business of issuing credit cards to consumers. It also acts as corporate insurance agent for selling insurance policies to credit card customers. SBI Cards and Payment Services Limited is a subsidiary of State Bank of India (SBI), is the second largest credit card issuer in the country. With more than 1.68 crore cards in force, the Company offer financial access through wide range of value-added payment products and services that fulfill transactional and credit requirements. It focus on delivering a diverse portfolio of credit cards, which support cashless and contactless digital payments in India while ensuring safety and transparency of transactions. The Company started its operations in 1998, and since then SBI's parentage and highly trusted brand have allowed it to quickly establish a reputation of trust, reliability and transparency with its cardholders. According to the RBI, the company has grown its business faster than the Indian credit card market over the past three years both in terms of numbers of credit cards outstanding and amounts of credit card spends, and the company believes it has achieved this by leveraging its strength and capitalizing on India's favourable economic and demographic changes, including its strong macroeconomic performance, rising affluence, increasing consumer demand, rapid urbanization and the growth of e-commerce platforms. From March 31, 2017 to March 31, 2019 its total credit card spends grew at a 54.2% CAGR (as compared to a 35.6% CAGR for the overall credit card industry, according to the RBI) and the number of its credit cards outstanding grew at a 34.5% CAGR (as compared to a 25.6% CAGR for the overall credit card industry, according to the RBI). SBI Cards has a broad credit card portfolio that includes SBI Card-branded credit cards as well as co-branded credit cards that bear both the SBI Card brand and its co-brand partners' brands. The Company offers four primary SBI Card branded credit cards: SimplySave, SimplyClick, Prime and Elite, each catering to a varying set of cardholder needs. The Company is also the largest co-brand credit card issuer in India according to the CRISIL Report, and it has partnerships with several major players in the travel, fuel, fashion, healthcare and mobility industries, including Air India, Apollo Hospitals, BPCL, Etihad Guest, Fbb, IRCTC, OLA Money and Yatra, among others. The Credit cards portfolio is tailored to meet a diverse range of cardholder needs across the entire spectrum of its cardholders' income profiles and lifestyles, from the 'premium' cardholder category to the 'affluent', 'mass affluent', 'mass' and 'new to credit' categories. The Company issues its credit cards in partnership with the Visa, MasterCard and RuPay payment networks, and it is continuously looking to expand its payment network partnerships to broaden the reach and functionality of its credit card offerings. SBI Cards has a diversified customer acquisition network that enables it to engage prospective customers across multiple channels. The Company deploys a sales force of 32,677 outsourced sales personnel as of December 31, 2019 operating out of 145 Indian cities and which engages prospective customers through multiple channels, including physical points of sale in bank branches, retail stores, malls, fuel stations, railway stations, airports, corporate parks and offices, as well as through tele-sales, online channels, email, SMS marketing and mobile applications. The Company is the leading player in open market customer acquisition in India according to the CRISIL Report. SBI Cards had a presence in 3,190 open market points of sale across India as of December 31, 2019. In addition, its partnership with SBI provides access to SBI's extensive network of 21,961 branches across India, which enables it to market their credit cards to SBI's vast customer base of 445.5 million customers as of December 31, 2019. Its extensive physical customer acquisition network is complemented by its digital sales and marketing capabilities which include their website, mobile application and online, email and SMS marketing platforms. SBI Card sourced 34.1 lakh new accounts in FY 2020. It launched 8 new products across diverse categories and segments such as Lifestyle Home Centre, Max, Spar SBI Card, Club Vistara SBI Card, Central Bank of India SBI Card, City Union Bank SBI Card, Shaurya SBI Card, SBI Card Vyapaar Unnati, Ola Money SBI Card and IRCTC SBI Card Premier. It started issuing RuPay denominated card from September 2019 with the launch of Shaurya Cards. It engaged with leading merchant partners across categories from apparel, consumer durables to online shopping, healthcare, utility bill payments to provide value to cardholders on transacting with SBI Card. In FY20, in line with Hon'ble NCLT Order dated June 04, 2019, erstwhile SBI Business Process Management Services Pvt. Ltd (SBIBPMSL) amalgamated with SBI Cards and Payment Services Limited from the appointed date i.e. April 1, 2018. Pursuant to said Amalgamation, the Company allotted 9,51,12,054 fully paid equity shares of Rs. 10 each to the shareholders of erstwhile SBIBPMSL. In FY 2021, the Company launched BPCL SBI Card OCTANE, a premium version of the existing card. It also launched AURUM in a superior premium segment card, targeted at CXO's. It sourced 26.9 Lac new accounts in FY21. It launched IRCTC SBI Card on RuPay platform, Delhi Metro SBI Card, Paytm SBI Card, SBI Elite and Prime Amex-SBI Card. It partnered with American Express (AMEX network to issue credit cards on their payment network. In FY 2022, the Company launched Nature's Basket SBI Card, SBI Card PULSE, Aditya Birla SBI Card, SBI Card SPRINT and Fabindia SBI Card. It sourced 35.72 lacs new accounts to reach 1.38 Crore in FY 2022. Apart from this, it focused on digital acquisition channels for sourcing of new accounts. During FY2023, the Company introduced 52.02 lakh new accounts. The Company launched three card variants comprising of CASHBACK SBI Card, Aditya Birla SBI Card and Punjab & Sind Bank (PSB) SBI Card.

Managing Director

Abhijit Chakravorty

Founded

1998

NSE Symbol

SBICARD

SBI Cards & Payment Services Ltd Management

NameDesignation
PAYAL MITTALCompany Sec. & Compli. Officer
DINESH KUMAR KHARAChairman (Non-Executive)
Rajendra Kumar sarafIndependent Director
Tejendra Mohan BhasinIndependent Director
Dinesh Kumar MehrotraIndependent Director
Anuradha Shripad NadkarniIndependent Director
Shriniwas Yeshwant JoshiIndependent Director
Abhijit ChakravortyManaging Director
NITIN CHUGHNominee (SBI)

SBI Cards & Payment Services Ltd News

SBI Cards & Payment Services fixes record date for interim dividend
Record date is 28 March 2024
Board of SBI Cards & Payment Services recommends interim dividend
Of Rs 2.5 per share
SBI Cards allots 67,800 equity shares under ESOP
SBI Cards & Payment Services fixes record date for interim dividend
Record date is 28 March 2024
SBI Cards & Payment Services to consider interim dividend
On 19 March 2024
SBI Card tumbles as Q3 PAT slides 9% YoY
SBI Cards and Payment Services dropped 6.09% to Rs 713.60 after the company’s net profit declined 8.94% to Rs 549.08 crore in Q3 FY24 as against Rs 602.98 crore recorded in Q3 FY23.
SBI Cards & Payment Services standalone net profit rises 7.78% in the December 2023 quarter
Sales rise 31.76% to Rs 4620.87 crore
Board of SBI Cards & Payment Services appoints nominee director
On 25 January 2024
SBI Cards & Payment Services Ltd down for fifth straight session
SBI Cards & Payment Services Ltd is quoting at Rs 746.35, down 0.38% on the day as on 13:19 IST on the NSE. The stock tumbled 2.71% in last one year as compared to a 19.49% rally in NIFTY and a 8.96% spurt in the Nifty Financial Services index.
SBI Cards & Payment Services announces board meeting date
On 25 January 2024

Similar Stocks

CompanyMarket CapMarket PriceP/E Ratio
BAJFINANCE₹ 4,30,465 Cr
₹ 6,954.25
(-1.72 %)
35.60
BAJAJFINSV₹ 2,58,229 Cr
₹ 1,618.50
(-2.31 %)
220.51
JIOFIN₹ 2,29,893 Cr
₹ 361.85
(2.13 %)
0.00
IRFC₹ 1,85,180 Cr
₹ 141.70
(1.03 %)
30.67
PFC₹ 1,30,865 Cr
₹ 396.55
(1.06 %)
9.54

SBI Cards & Payment Services Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase SBI Cards & Payment Services Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. SBI Cards & Payment Services Ltd's share price is ₹725.80 as of April 16, 2024

The 52-week high/low price of a SBI Cards & Payment Services Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. SBI Cards & Payment Services Ltd's 52-week high and low as of April 16, 2024 are ₹731.35 and ₹712.5 respectively.

As of the Dec 2023 quarter, the promoter shareholding in SBI Cards & Payment Services Ltd stands at 68.75%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 9.09% to 9.35%.