SBI CARDS & PAYMENT SERVICES LIMITED Company Profile Details at KooCapital.Com – Stock Market News Portal.
SBI Cards & Payment Services Limited provides credit cards and payment solutions. It offers a credit card portfolio to individual and corporate clients. The firm also provides a co-brand credit card for doctors which offers medical professional liability insurance to cardholders. The company was founded in 1998 and is headquartered in Gurgaon, India.
sbi cards & payment services limited company operating in Finance Sector and dealing in Major Banks. sbi cards & payment services limited is SEBI Listed Company (India) and having:-
ISIN (An International Securities Identification Number): INE018E01016
Equity Stock (National Stock Exchange) Symbol: SBICARD
NSE Link IS: https://www.nseindia.com/get-quotes/equity?symbol=SBICARD
BSE Link IS: https://www.bseindia.com/stock-share-price/sbi-cards-payment-services-ltd/SBICARD/543066/
SBI Cards and Payment Services Limited is a non-deposit accepting systemically important nonbanking financial company registered with the RBI. The Company is engaged in issuing credit cards to consumers in India. It is headquartered in Gurgaon, Haryana. It is a subsidiary of India’s largest commercial bank, the State Bank of India.
History[1][2] SBI Card was launched in 1998 by the State Bank of India and GE Capital. In December 2017, State Bank of India and The Carlyle Group acquired GE Capital’s stake in the co, post which SBI held 74% while Carlyle held 26% in the Company. On 20 August 19, it was converted into a Public Limited Company. In March 2020, the co became the first credit card company to list on the stock exchanges in India. During FY20, the Company made an Initial Public Offering of ~14 cr equity shares at a price of Rs. 755 per share, comprising fresh issue of 6,622,516 equity shares and an offer for sale of 130,526,798 equity shares by selling shareholders. Post issue, the shareholding of State Bank of India and CA Rover Holdings as of March 31, 2020, was 70% and 16% respectively. Total Proceeds received by the Company pursuant to the IPO aggregates to 499 cr.
SBI Card was launched in October 1998 by the State Bank of India and GE Capital. Incorporated as SBI Cards and Payment Services Limited (previously known as SBI Cards and Payment Services Private Limited), SBI Card is headquartered in Gurgaon, Haryana.
In December 2017, State Bank of India and The Carlyle Group acquired GE Capital`s stake in the Company. SBI holds 74% while Carlyle holds 26% in the SBI Card.
The aim of SBI Card is to offer Indian consumers access to a wide range of world-class, value-added payment products and services. Our endeavor is to simplify the lives of our customers, employees and other important stakeholders.
Our innovative products and services along with our responsible corporate citizenship practices form the framework of delivering on this promise.
Within a short span of 10 months, we achieved a credit card customer base of 1 lakh. We entered the ‘1 Million Card Club’ in 2002 and crossed the 2 million card base in 2005.
Today, with over 10 million credit card customers, we are the second-largest credit card issuer in the country.
To learn more, please visit: http://www.sbicard.com/
SBI Card stand with []
Company Website: https://www.sbicard.com/
Company Website2: http://www.sbicard.com/
LinkedIn page URL: https://in.linkedin.com/company/sbi-card
Wiki Profile URL: https://en.wikipedia.org/wiki/SBI_Card
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