SBI Cards and Payment Services Limited — PPTs, 25-07-2025: Investor Presentation

**1. Financial Highlights:**

Revenue grew 4% QoQ & 12% YoY to ₹4,877 Cr. Profit after tax (PAT) rose 4% QoQ to ₹556 Cr. Cost to Income ratio improved QoQ to 50.3%, though it increased YoY. Return on Average Assets (ROAA) stood at 3.4%. Asset quality shows Gross Non-Performing Assets (GNPA) at 3.07% and Net NPA at 1.42%. Capital Adequacy Ratio (CAR) remains robust at 23.2%.

**2. Strategic Initiatives & Growth Drivers:**

The company is enhancing energy efficiency and digital customer experience through initiatives like WhatsApp notifications and live chat. Risk management is strengthened by an upgraded Expected Credit Loss (ECL) model. Retail spends continue to grow, with corporate spends showing signs of recovery.

**3. Business Developments:**

New co-branded card launches include the Tata Neu SBI Card, in partnership with Tata Digital, and the Apollo SBI Card SELECT, extending the Apollo HealthCo collaboration. Product promotions were boosted by an outdoor advertising campaign for Pulse & Cashback cards.

**4. Market Position & Competitive Advantage:**

The company maintains a dominant market share in India's credit card sector, holding 19.1% in transactions and spends, and 17.5% in cards in force. It has also achieved FTSE4Good Index Series inclusion, recognizing strong ESG performance.

**5. Investor Implications:**

Consistent growth in spends and receivables, coupled with robust capital and an improved cost of funds, suggests positive growth potential. However, a rise in credit costs due to higher provisioning and a moderation in new account acquisition are areas to monitor.