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SBI Cards and Payment Services Limited, a non-banking financial company, issues credit cards to individual and corporate customers in India. The company also acts as corporate insurance agent for selling insurance policies to credit card customers. It offers corporate cards, central travel cards, utility cards, and corporate purchase and virtual cards. The company was incorporated in 1998 and is based in Gurugram, India. SBI Cards and Payment Services Limited is a subsidiary of State Bank of India.
SBI Card was established in 1998 as a joint venture between State Bank of India and GE Capital. SBI holds 74% share in the company; the remaining is owned by GE Capital. In April 2008, GE Capital sold its entire 26% stake in the company to State Bank of India.
Our innovative products and services along with our responsible corporate citizenship practices form the framework of delivering on this promise.
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.