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August 04, 2015 4:42 AM ET

Consumer Finance

Company Overview of SBI Cards and Payment Services Private Limited

Company Overview

SBI Cards and Payment Services Private Limited markets and distributes SBI credit cards. The company offers various credit cards, such as premium, travel and shopping, classic, exclusive, and corporate cards. It also provides utility bill and card payment services. The company was founded in 1998 and is based in Gurgaon, India. SBI Cards and Payment Services Private Limited operates as a subsidiary of State Bank of India.

DLF Infinity Towers

Tower C, 10th–12th Floor

Block 2, Building 3

DLF Cyber City

Gurgaon,  122002


Founded in 1998


91 12 439 020202


91 12 4256 7131

Key Executives for SBI Cards and Payment Services Private Limited

Chief Executive Officer
Compensation as of Fiscal Year 2015.

SBI Cards and Payment Services Private Limited Key Developments

GE Capital Plans To Exit SBI Cards and Payment Services

GE Capital Services India Limited plans to exit SBI Cards and Payment Services Private Limited. SBI card has started a valuation exercise for a possible new investor or a public offer. Chief Executive Vijay Jasuja said "First, SBI can buy back the entire 40% stake of GE Capital. Second, it can be sold to another investor through a private placement. Third, we can go in for a public issue. We have started a formal valuation exercise to arrive at our current market value. The exercise may take a month from now to complete"

SBI Card Announces Management Changes

SBI Card has appointed Vijay Jasuja as its new chief executive officer. Jasuja replaces Pallav Mohapatra, who has moved to the bank. Jasuja has over three decades of experience in the banking industry.

SBI Cards and Payment Services Private Limited Reports Earnings Results for the First Quarter Ended June 30, 2013

SBI Cards and Payment Services Private Limited reported earnings results for the first quarter ended June 30, 2013. The company registered a net profit after tax of INR 670 million against INR 100 million last year.

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