SBI Cards and Payment Services Limited — PPTs, 24-10-2025: Investor Presentation

SBI Cards reported a strong Q2 FY26. Overall spends jumped 31% YoY to ₹107,063 Cr, with receivables growing 8% YoY to ₹59,845 Cr. Revenue from operations increased 12% YoY to ₹4,961 Cr, and Profit After Tax (PAT) was up 10% YoY at ₹445 Cr. New accounts and cards-in-force showed healthy expansion.

Strategic focus areas include robust new account sourcing, optimizing the customer mix, and enhancing digital engagement, evidenced by significant growth in UPI and online spends. Recent developments include the launch of three major co-branded cards with PhonePe, Flipkart, and IndiGo, alongside hyper-personalization on the SBI Card app and targeted marketing campaigns.

Asset quality remains a priority, with Gross Non-Performing Assets (GNPA) at 2.85% (down 43 bps YoY) and a robust Capital Adequacy Ratio of 22.5%. Management's outlook emphasizes continued growth in retail/corporate spends and maintaining strong asset quality through diligent underwriting.