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February 11, 2016 5:42 PM 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 2015.

SBI Cards and Payment Services Private Limited Key Developments

SBI Considering Listing SBI Life And SBI Cards

Arundhati Bhattacharya, Chairman of State Bank of India (NSEI:SBIN) said that SBI has no immediate plans to raise capital but it is exploring options to list its subsidiaries. Arundhati Bhattacharya further said that SBI is considering listing SBI Cards and Payment Services Private Limited and SBI Life Insurance Company Limited. "We are talking about listing the subsidiaries; but not this year. (SBI) Life is there; Cards is there...It is very difficult to tell you when, but we are considering," Arundhati Bhattacharya told reporters on the sidelines of an event organized by the Indian Chamber of Commerce.

SBI Cards To Float Expression Of Interest For JV Partner

SBI Cards and Payment Services Private Limited said discussions were on to float expression of interest to identify a joint venture partner. "Right now, the discussions are progressing. By two weeks time the Expression of Interests will be called for (to identify the joint venture partner)," Vijay Jasuja, Chief Executive Officer of SBI Cards and Payment Services, told reporters.

Tata Front Runner For GE Capital’s Stake In SBI Cards

Tata Sons Limited has put its weight behind a bid for General Electric Capital Corporation's stake in SBI Cards and Payment Services Private Limited valued at INR 20 billion. Bombay House, Tata Sons Limited's headquarters, is working on a bid that will combine Tata Capital Limited and Tata Consultancy Services Limited.

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