Sbi Cards & Payment Services Ltd · NSE:SBICARD
Sbi Cards & Payment Services — Q2 FY2026-27 Earnings Presentation
32 slides from Sbi Cards & Payment Services's earnings presentation, Oct 23, 2026
Slide 1: Regulation 30 disclosure cover letter to exchanges
October 23, 2026 The BSE Limited The National Stock Exchange of India Corporate Relationship Department Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra-Kurla Complex. Mumbai - 400 001 Bandra (E), Mumbai - 400 051 SCRIP CODE: 543066 SYMBOL: SBICARD SECURITY: Equi
Slide 2: Investor Presentation Q2 FY 2026-27
INVESTOR PRESENTATION Q2 – FY 2026-27
Slide 3: Index
INDEX 1 Key Highlights 2 Portfolio Growth 3 Financial Update 4 Asset Quality 5 Borrowings & Capital Adequacy 6 ESG 7 Shareholders Summary 8 Annexures 2
Slide 4: Key Highlights
Key Highlights
Slide 5: Key Highlights for Q2 FY27
Key Highlights for Q2 FY27 Key Highlights for Q3FY23 GNPA below 2%, New Accounts crossed 1.1Mn+ 2.32 Cr ₹ 110,689 Cr ₹ 58,376 Cr Business 11.06 lacs Volumes New A/cs 18% YoY CIF 8% YoY Spends 3% YoY Receivables 2% YoY 8%QoQ 3% QoQ 7% QoQ -- QoQ Profitability ₹ 778 Cr Cost to 58.7% 4.4%
Slide 6: Portfolio Growths
Portfolio Growths
Slide 7: Key Business Metrics
Key Business Metrics New Accounts (Lacs) Cards-in-force (Cr) Receivables (₹ Cr) 18% YOY 8% YOY 2% YOY 8% QOQ --% QOQ 3% QOQ 10.23 11.06 9.36 8.64 9.17 59,845 2.32 58,269 58,376 2.26 2.15 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Retail Spends (₹ Cr) 6% YOY 1% QOQ 91,962 94,033 95,299 Q2 FY26 Q1 FY27 Q
Slide 8: Portfolio Growth
Portfolio Growth Spend per Card (₹ ‘000) Receivable per Card (₹) 27,832 201 212 210 212 26,233 25,806 194 25,762 25,203 168 170 164 168 167 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Ret+Corp Ret 30-day Retail spend active rate % Receivables(₹ Cr)/Mix % 59,845 57
Slide 9: Retail Spends Insights
Retail Spends Insights Online Spend % % Growth^ Spends Categories Total Spends POS Spends Online Spends 62.8% 62.5% Category 1 Departmental Stores, Health, Utilities, 6% 17% 11% 58.9% Rental, Education & Direct Marketing 57.9% Category 2 56.9% Consumer durables, Furnishing & 16% 5% 34% Hardware, App
Slide 10: Financial Update
Financial Update
Slide 11: Key Financials
Key Financials (All figures in ₹ Cr ) Revenue from operations PAT Trend 4,961 5,127 4,935 5,041 5,141 4% YOY 75% YOY 2% QOQ 44% YOY 17% QOQ 1,442 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 1,001 778 Interest Cost 664 4% YOY 445 760 785 714 745 787 6% QOQ Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q2 FY26
Slide 12: P&L Summary
P&L Summary (All figures in ₹ Cr ) Q2 FY27 Q1 FY27 QoQ YoY H1 FY27 YoY Revenue from operations(₹ Cr) Total Income 5,302 5,205 2% 3% 10,505 3% (Composition Mix %) -Revenue from Operations 5,141 5,041 2% 4% 10,181 3% -Interest Income 2,511 2,421 4% 1% 4,932 -1% -Fees & Other Revenue 2,630 2,620 0% 6%
Slide 13: Asset Quality
Asset Quality
Slide 14: Asset Quality
(All figures in ₹ Cr ) Asset Quality Receivables (₹ Cr) (Composition Mix %) Q2 FY27 Q1 FY27 QoQ YoY H1 FY27 YoY 59,845 58,269 58,376 Gross Credit Cost (A) 816 948 -14% -37% 1,764 -33% 1.9% 2.8% 2.0% 4.2% 3.6% 3.7% -Gross Write off 849 1,013 -16% -34% 1,862 -27% -Provision (32) (65) 51% -379% (98) -2
Slide 15: New Sourcing Portfolio Insight
Portfolio Insight New Accounts Salaried Category Age Profile By City Tier 20% New Sourcing 32% 21% 29% For Q2 FY27 45% 36% 49% 51% 30% 20% 19% 47% SBI Open Market Govt/PSU Cat A Cat B Under 30 31-45 >45 Tier 1 Tier 2 Tier 3 Others 0.99 1.07 0.78 1.11 19% 18% 0.53 34% 42% As on 30 Sep 26 27% 1.15 Car
Slide 16: Borrowings & Capital Adequacy
Borrowings & Capital Adequacy
Slide 17: Borrowings & Capital Adequacy
Borrowings & Capital Adequacy Borrowings Mix Capital Adequacy 22% 23% 24% 24% 23% 24.4% 25.5% 25.6% 26.5% CAR 22.5% 15% 14% 15% 14% 13% 1% Tier 1 17.5% 19.1% 20.0% 20.3% 21.2% 62% 63% 61% 62% 64% Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 WCDL CP NCD TL COF Trend
Slide 18: ESG
ESG
Slide 19: ESG & CSR Update
ESG & CSR Update Latest ESG Ratings | FY 25-26 Performance CRISIL ESG Score SES ESG Score 71 80.2 Low Risk | FY25 - 79.7 Leadership | FY25 - 65 Celebrated Onam and Ganesh Chaturthi across offices promoting Niche99 ESG Rating inclusivity. Organized health camps for employees under Aarogya Utsav. 76.3
Slide 20: Shareholders Summary
Shareholders Summary
Slide 21: Shareholders Summary
Shareholders Summary Shareholding Pattern, 30th September 2026 Top 20 Shareholders as on 30th September 2026 S. No Name of Shareholder % 1 State Bank Of India 68.58 2 Life Insurance Corporation Of India - P & Gs Fund 4.11 3 Icici Prudential Large & Mid Cap Fund 2.80 Insurance Others 4 Icici Prudenti
Slide 22: Annexures
Annexures
Slide 23: Balance Sheet Statement
Balance Sheet Statement (All figures in ₹ Cr ) Description Mar’26 Sept’26 Assets Loans (Net of Provisions) 54,984 56,532 Cash & Bank Balances 2,320 3,759 Investments 6,374 7,980 All other Financial Assets 598 772 Total Financial Assets 64,275 69,043 PP&E, Intangible & Right of use assets 231 238 Cur
Slide 24: Profit & Loss Statement
Profit & Loss Statement (All figures in ₹ Cr ) Description Q2 FY26 Q1 FY27 Q2 FY27 H1 FY26 H1 FY27 Interest Income 2,490 2,421 2,511 4,983 4,932 Fees and commission income 2,265 2,406 2,434 4,457 4,840 Sale of Services 20 10 7 46 17 Business development incentive income 185 204 188 352 392 Insurance
Slide 25: Explaining Returns
Explaining Returns Q2 FY26 Q1 FY27 Q2 FY27 QoQ YoY H1 FY27 YoY Interest Income 14.8% 14.2% 14.3% 14 bps -47 bps 14.3% -70 bps Fees and other Income 13.5% 14.1% 13.9% -21 bps 43 bps 14.0% 61 bps Other Income 1.3% 1.3% 1.1% -17 bps -13 bps 1.2% 0 bps Recoveries 1.0% 0.9% 0.9% -1 bps -10 bps 0.9% -7 bp
Slide 26: Product Brief
Product Brief Super Premium Core Cards Co-Brand Cards Banking Retail Travel & Fuel SBI Card Elite SBI Card PRIME SBI Card Pulse AURUM Bank of Maharashtra SBI Flipkart SBI Card Google Pay Flex SBI Card Indigo SBI Card Elite Card SimplyCLICK SBI Card SimplySAVE SBI Card Shaurya Select SBI Card UCO Ban
Slide 27: Market Share
Market Share Dominant credit card player in India CARDS IN FORCE SPENDS TRANSACTIONS 18.6% 19.0% 18.6% 18.5% 19.0% 17.8% 18.1% 17.7% 18.0% 17.0% 16.7% 15.7% FY24 FY25 FY26 FY27* FY24 FY25 FY26 FY27* FY24 FY25 FY26 FY27* *As per RBI report Aug’26 26
Slide 28: Recent Developments
Recent Developments New Product Launch - Google Pay Flex SBI Card Strengthening Regional Connect at SIIMA SBI Card partnered with Google Pay, India’s second – SBI Card partnered with SIIMA (South Indian largest UPI app, to launch ‘Google Pay Flex SBI Card’. International Movie Awards) to strengthen
Slide 29: Awards and Recognitions
Awards and Recognitions A proud moment! Ms. Salila Pande, MD & CEO, SBI SBI Card has been Card, has been honoured among acknowledged amongst the the Top 10 Professional CEO’s in Top 25 Safest Workplaces of the 2026 Candere Hurun India India at the POSH Awards by Women Leaders List. Kelp. 28
Slide 30: Glossary
Glossary Term Description New Accounts Sum of all accounts opened in a reporting period. Card-in-force Sum of all credit cards issued by us, including suspended credit cards that may be reactivated in future, net of cancelled and deactivated credit cards. Spends Total Spends (retail and corporate) c
Slide 31: Disclaimer
Disclaimer The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or purchase any securities of SBI Cards and Payment Services Limited in India or in any other jurisdiction. This presentation is not intended to be a pros
Slide 32: Thank You
Thank You
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