Sbi Cards Share Price

About SBI Cards

Core Activities & Products

1. SBI Card Elite:This card offers a range of benefits suited to meeting a premium lifestyle. These include milestone benefits, reward points, exclusive concierge services, lounge access (domestic and international), and complimentary air tickets and gift vouchers.
2. SBI Card PRIME:An entry-level premium card, this offers great lifestyle privileges such as complimentary membership to brands such as Vistara and Trident and ten reward points for every Rs.100 spent on dining and grocery. Additionally, the card has tied up with brands like RelianceFresh, Reliance Smart, Reliance Trendz, and BigBasket, offering accelerated reward points.
3. SimplySAVE SBI Card:With this card, you can access great deals on movies, dining, and grocery expenditures. Additionally, you can also avail of fuel surcharge waivers across the country.
4. SBI Signature Corporate Card:Explicitly meant for those who travel a lot on business, this card offers complimentary airport lounge access, as well as concierge services, and travel and air insurance amounting to Rs.1 Crore.
5. SBI Platinum Corporate Card:This card comes packed with a range of benefits, such as a dynamic credit limit, daily expenditure limits, corporate level statements, and travel and air insurance. Additionally, it also offers deals from international airlines, hotels, car rental services, and even travel partners.
6. Co-Branded Cards:In addition to those mentioned above, SBI card boasts of the largest co-brand portfolio in the credit card industry and has partnered with IRCTC, Tata, Yatra, Central, Air India, Mumbai Metro, Chennai Metro, and other banks such as Oriental Bank of Commerce, Karur Vysya Bank, and South Indian Bank, to name a few.

Board of Directors

• Chairman: Dinesh Kumar Khara
• Director: Swaminathan Janakiraman
• Director: Rama Mohan Rao Amara
• Director: Mihir Narayan Prasad Mishra
• Independent Director: Tejendra Mohan Bhasin
• Independent Director: Rajendra Kumar Saraf
• Independent Director: Dinesh Kumar Mehrotra
• Independent Director: Anuradha Shripad Nadkarni
• Independent Director: Shriniwas Yeshwant Joshi

Key Executives

• Managing Director and CEO: Rama Mohan Rao Amara
• Chief Operating Officer: Richhpal Singh
• Chief Risk Officer: Aparna Kuppuswamy
• Chief Sales and Marketing Officer: Girish Budhiraja
• Head – Customer Services: Manish Dewan
• Chief People Officer: Seema Kapahi
• Head – Internal Audit: Kamlesh Kumar Shukla
• Head – Workforce Effectiveness: Ashok Kumar Lohmod
• Chief Information and Digital Officer: Pradeep Khurana
• Head – Legal: Ugen Bhutia
• Chief Compliance Officer: Rinku Sharma
• Head - Open Market and Corporate Sales: Amit Batra
• Head – Operations: Monish Vohra
• Head – Collections: Anu Gupta
• Head – Banca Channel: Vishal Singh
• Chief Credit Officer: Nandini Malhotra

Presence

Registered Office:

Strengths:

1. SBI Card is the only credit card company in the country that offers customers the option of paying bills via 14 different modes.
2. SBI Card offers a wide range of credit cards to suit every customer’s needs, including classic cards, travel and shopping cards, corporate cards, and even exclusive co-branded cards.
3. In FY22, the company posted strong growth while maintaining excellent credit performance with key metrics within acceptable limits. It reflected a 278bps reduction YoY in risk in the GNPA and 37bps YoY reduction in NNPA.
4. The board declared a dividend of ₹2.5 per equity share (25%) for the fiscal year ended March 31, 2022.

CSR and Sustainability

• Establishment of Skill Centres for women – to increase employability skills
• Employability Skill Training – for young adults on the Autism spectrum
• Supply of Healthcare equipment and ambulances
• Setting up a supply chain to segregate and collect plastic waste
• Training of government schoolteachers – to improve student outcomes
• Support for destitute elderly – food, medical care, and recreational activities
• Establishment of primary health care clinics
• Promotion of education of the girl child
• Water security for villages
• Covid-19 disaster relief – food and hygiene kits

COVID-19 Impact

Future Prospects

1. Addition of new customers, specifically, those with a better risk profile.
2. In the next four years, SBI Card plans to increase the percentage of high-net-worth and high-spending customers from the present 5% to 20%.
3. By way of a better value proposition, SBI Card aims to increase customer spending by way of a better value proposition.

Did You Know!

Initial Public Offering

Equity Shares