October 21, 2016 7:24 AM ET

Consumer Finance

Company Overview of SBI Cards and Payment Services Private Limited

Company Overview

SBI Cards and Payment Services Private Limited focuses on the marketing and distribution of credit cards. The company offers lifestyle, reward, shopping, travel, and banking partnership cards for personal needs; and corporate, central travel, utility, and purchase cards for corporate needs. It provides utility bill payment, card payment, and value added 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 12 399 2854


91 12 399 2794

Key Executives for SBI Cards and Payment Services Private Limited

Chief Executive Officer
Compensation as of Fiscal Year 2016.

SBI Cards and Payment Services Private Limited Key Developments

SBI Seeks Partner For SBI Cards; Mulls Buying Out GE Capital's Stake

State Bank of India (NSEI:SBIN) (SBI) is scouting for partner in SBI Cards and Payment Services Private Limited to replace GE Capital Global Holdings, LLC. The process of identifying a strategic partner to come in the place of GE Capital is underway and expected to be completed by September 2016, Vijay Jasuja, Chief Executive Officer, SBI Card, said. He stated: "The process is on. It may take 3-4 more month's time. I think by September SBI will be in a position to identify a new partner." State Bank of India is currently exploring several options including acquiring out the 40% stake of GE Capital in SBI Card.

GE Cap's Reportedly Looking To Sell

Mizuho Financial Group, Inc. (TSE:8411) & Credit Saison Co. Ltd. (TSE:8253) keeps eye to acquire stakes in GE Capital Transportation Financial Services Ltd stakes in two companies named SBI Cards & Payment Services Private Limited and GE Capital Business Processes Management Services Ltd. Carlyle is also among the shortlisted bidder for stakes that GE Capital holds in two different companies.

Mizuho, Carlyle And Credit Saison Reportedly Eye Stake In SBI Cards From GE

Mizuho Financial Group, Inc. (TSE:8411), The Carlyle Group LP (NasdaqGS:CG) and Credit Saison Co. Ltd. (TSE:8253) reportedly eye stakes in two companies that run SBI Cards and Payment Services Private Limited from GE Capital Services India Limited, according to three people familiar with the matter. "There were many bidders and the three have been shortlisted," said one of the persons.

Recent Private Companies Transactions

No transactions available in the past 12 months.

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