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SBI Cards & Payment Services
3.7
based on 4.1k Reviews
Video summary
Company Overview
Company Locations
Working at SBI Cards & Payment Services
Company Summary
Plastic money for utilities and payments
Overall Rating
3.7/5
based on 4.1k reviews
3% below
industry average
Critically rated for
Promotions, Work satisfaction
Work Policy
Work from office
86% employees reported
Monday to Saturday
54% employees reported
Strict timing
54% employees reported
Within city
47% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
235 employees reported
Health insurance
138 employees reported
Cafeteria
95 employees reported
Office gym
54 employees reported
View all benefits
About SBI Cards & Payment Services
Founded in1998 (27 yrs old)
India Employee Count1k-5k
Global Employee Count1k-5k
India HeadquartersGurgaon/Gurugram, Haryana, India
Office Locations
--
Websitesbicard.com
Primary Industry
Other Industries
--
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SBI Cards & Payment Services Ltd., previously known as SBI Cards and Payment Services Private Limited, is a payment solutions provider in India. SBI Card was launched in October 1998 by the State Bank of India, India's largest bank, and GE Capital. In December 2017, State Bank of India and The Carlyle Group.
Mission: To offer Indian consumers access to a wide range of world-class, value-added payment products and services
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SBI Cards & Payment Services Ratings
based on 4.1k reviews
Overall Rating
3.7/5
How AmbitionBox ratings work?
5
1.7k
4
957
3
598
2
261
1
517
Category Ratings
3.6
Skill development
3.4
Company culture
3.4
Job security
3.4
Salary
3.4
Work-life balance
3.3
Work satisfaction
3.0
Promotions
SBI Cards & Payment Services is rated 3.7 out of 5 stars on AmbitionBox, based on 4.1k company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at SBI Cards & Payment Services
based on 3.8k reviews
3.7
Rated by 1.1k Women
Rated 3.6 for Skill development and 3.5 for Work-life balance
3.7
Rated by 2.7k Men
Rated 3.5 for Skill development and 3.4 for Work-life balance
Work Policy at SBI Cards & Payment Services
based on 426 reviews in last 6 months
Work from office
86%
Hybrid
9%
Permanent work from home
5%
SBI Cards & Payment Services Reviews
Top mentions in SBI Cards & Payment Services Reviews
+ 5 more
Compare SBI Cards & Payment Services with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.7/5 based on 4.1k reviews | 4.0/5 based on 38k reviews | 3.9/5 based on 39.3k reviews | 3.8/5 based on 25.3k reviews |
Highly Rated for | No highly rated category | Job security Skill development Company culture | Job security Skill development | No highly rated category |
Critically Rated for | Promotions Work satisfaction | No critically rated category | Promotions | Promotions |
Primary Work Policy | Work from office 86% employees reported | Work from office 92% employees reported | Work from office 84% employees reported | Work from office 80% employees reported |
Rating by Women Employees | 3.7 Good rated by 1.1k women | 3.9 Good rated by 10k women | 3.7 Good rated by 8.2k women | 3.6 Good rated by 5.5k women |
Rating by Men Employees | 3.7 Good rated by 2.7k men | 4.0 Good rated by 26.2k men | 3.9 Good rated by 29.1k men | 3.8 Good rated by 18.7k men |
Job security | 3.4 Average | 4.1 Good | 4.0 Good | 3.7 Good |
View more
SBI Cards & Payment Services Salaries
SBI Cards & Payment Services salaries have received with an average score of 3.4 out of 5 by 4.1k employees.
Branch Relationship Executive
(875 salaries)
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₹1 L/yr - ₹5 L/yr
Sales Executive
(865 salaries)
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₹1 L/yr - ₹4 L/yr
Team Lead
(528 salaries)
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₹1.7 L/yr - ₹5.8 L/yr
Relationship Executive
(515 salaries)
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₹1 L/yr - ₹3.5 L/yr
Area Sales Manager
(376 salaries)
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₹5.2 L/yr - ₹15.5 L/yr
MIS Executive
(244 salaries)
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₹1.4 L/yr - ₹4.6 L/yr
Relationship Manager
(222 salaries)
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₹2 L/yr - ₹7 L/yr
Branch Relationship Manager
(214 salaries)
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₹1.5 L/yr - ₹5 L/yr
Back Office Executive
(188 salaries)
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₹1.2 L/yr - ₹4 L/yr
BRE
(181 salaries)
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₹1 L/yr - ₹3.3 L/yr
SBI Cards & Payment Services Interview Questions
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SBI Cards & Payment Services Jobs
Popular Designations SBI Cards & Payment Services Hires for
Popular Skills SBI Cards & Payment Services Hires for
Current Openings
SBI Cards & Payment Services News
View all
Salila Pande Appointed as New Managing Director & CEO of SBI Cards
- Salila Pande has been appointed as the new Managing Director and Chief Executive Officer of SBI Cards and Payment Services.
- Pande's tenure will last for two years, starting from April 1, 2025.
- She has been with SBI since 1995 and currently serves as the Chief General Manager.
- Pande holds a postgraduate degree in physics and is a Certified Financial Risk Manager.
All Things Talent | 18 Feb, 2025
Stock Market Today: All You Need To Know Going Into Trade On Feb. 18
- Indian major equity indices saw a pause in their losing streak with HDFC Bank Ltd. and Reliance Industries Ltd. supporting, while pharmaceutical and metal stocks gained.
- The Nifty 50 closed 0.13% higher at 22,959.50, and the Sensex closed 0.08% up at 75,996.86 after a shaky start and intraday recovery on Monday.
- Foreign portfolio investors continued as net sellers of Indian equities, shedding stocks worth around Rs 3,937.8 crore, while domestic institutional investors remained net buyers.
- The Indian rupee depreciated against the US dollar, closing at Rs 86.85 on Monday.
- Key earnings post market hours included ABB India's Q4 highlights showing significant growth in revenue, Ebitda, and net profit.
- Stocks to watch included developments in companies like Paytm, SBI Cards, Zomato, and major announcements in various sectors like healthcare, travel, and finance.
- IPO offerings, bulk deals, blocks deals, insider trading, pledge share details, and trading tweaks were notable highlights in the market on the given day.
- F&O cues indicated Nifty Feb Futures trading higher, with a premium and changes in open interest, along with insights on the options market and securities under the ban period.
- It was a day of key market movements and announcements, reflecting the ongoing dynamics and shifts in various sectors of the Indian stock market.
- Investors and traders stayed engaged with updates on earnings, IPOs, stocks to watch, and other relevant market information impacting their investment decisions.
Bloomberg Quint | 18 Feb, 2025
Stocks To Watch: Paytm, LIC, SBI Cards, Zomato, Choice International
- Paytm partners with SBI Mutual Fund to launch JanNivesh Rs 250 systematic investment plan.
- Salila Pande appointed as the Managing Director and CEO of SBI Cards.
- Zomato offers its internal customer support platform, Nugget, to restaurants.
- Choice Equity Broking acquires Arete Capital Services.
Bloomberg Quint | 18 Feb, 2025
SBI Cards Declares Interim Dividend Of Rs 2.5 Apiece
- SBI Cards and Payment Services Ltd. has declared an interim dividend of Rs 2.5 per equity share for its shareholders.
- The dividend represents 25% of the face value of each share and will be credited or dispatched on or before March 18.
- The record date for determining the entitlement of payment of interim dividend has been set as February 25.
- SBI Cards has also approved the appointment of Salila Pantle as the managing director and CEO, effective from April 1.
Bloomberg Quint | 17 Feb, 2025
SBI Cards Appoints Salila Pande As CEO For Two Years
- SBI Cards and Payment Services Ltd. has appointed Salila Pande as the managing director and chief executive officer.
- Pande will assume the role from April 1 for a two-year term, subject to necessary approvals.
- This appointment follows the retirement of the current CEO, Abhijit Chakravorty, from the services of parent company State Bank of India.
- Pande is currently a chief general manager at SBI and has extensive banking experience in various roles.
Bloomberg Quint | 17 Feb, 2025
SBI Cards Stock Gets 'Buy' Upgrade, Target Price Raise From HSBC—Here's Why
- SBI Cards & Payment Services has received an upgrade to 'Buy' from HSBC Global Research, with the brokerage raising its target price to Rs 1,000 from Rs 560.
- The upgrade is driven by an earnings upgrade cycle fueled by improved card issuance and softening money market rates.
- Positive factors contributing to the upgrade include the improved card issuance and a favorable rate environment created by recent repo rate cuts and open market operations.
- HSBC expects credit costs to peak soon and foresees potential net interest margin expansion, leading to a potential 14% upgrade in earnings per share.
Bloomberg Quint | 17 Feb, 2025
Stock Recommendations Today: M&M, Samvardhana Motherson, Indus Towers, Afcons On Brokerages' Radar
- Analysts have recommended buying M&M, Samvardhana Motherson, Indus Towers, and Afcons Infrastructure Ltd. on Monday.
- Nomura Research initiated a 'buy' rating on Afcons Infrastructure Ltd. with a target price of Rs 561 per share.
- Bank of America forecasts a weak 2025 for the Indian market due to short-term risks from reciprocal tariffs.
- Morgan Stanley sees positive implications for the steel industry from discussions on imposing anti-dumping and safeguard duties.
- Mahindra & Mahindra reported significant bookings for battery electric vehicles and is expected to show strong growth in 2025.
- BofA anticipates single-digit returns for the Nifty in 2025 with high volatility and various risks.
- Jefferies maintained a 'buy' rating on Amber Enterprises and IIFL Finance, with expectations for growth in their respective sectors.
- Citi retained a 'buy' rating on Indus Towers, projecting positive growth and strong free cash flow generation.
- Nomura provided insights on India-US trade dynamics and expectations for energy imports and trade balance.
- HSBC upgraded SBI Cards to 'buy' and Gujarat Pipavav to 'hold', citing positive trends in credit card issuance and container cargo performance.
Bloomberg Quint | 17 Feb, 2025
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Buy, Sell Or Hold: Swan Energy, Senco Gold, Piramal Pharma, Tata Power, — Ask Profit
- Swan Energy Ltd. - Exit. The company has experienced a significant selloff, reaching multi-year lows.
- Senco Gold Ltd. - Sock witnessed selloff. Further decline to Rs 285-300 levels cannot be ruled out.
- SBI Cards and Payment Services Ltd. - Stay invested. The stock had been an underperformer but has since recovered well and is now outperforming the broader markets.
- Piramal Pharma Ltd. - Stock seen corrective actions. The stock is close to its 200-day moving average and has seen corrective action below this average.
Bloomberg Quint | 14 Feb, 2025
Six Stocks In News At Noon: Ashok Leyland, Bharat Forge, Muthoot Finance, Kotak Bank, SBI Cards
- Ashok Leyland: The share price of Ashok Leyland Ltd. rose over 2% following strong Q3 earnings and positive broker outlook.
- Bharat Forge: Bharat Forge Ltd.'s share price declined as Q3 numbers disappointed, with a 16.14% fall in net profit.
- Muthoot Finance: The share price of Muthoot Finance Ltd. hit a fresh life high, rising over 6% on strong Q3 earnings.
- Kotak Bank and SBI Cards: Kotak Mahindra Bank Ltd. shares rose after lifting of restrictions, and SBI Cards And Payment Services Ltd.'s share price reached a record high after Macquarie upgraded the rating.
Bloomberg Quint | 13 Feb, 2025
SBI Cards Upgraded To 'Outperform' By Macquarie As Tailwinds Aid In Turning Tide
- Macquarie Research upgraded SBI Cards and Payment Services Ltd. to 'outperform' from 'neutral' and raised the target price to Rs 1,000 per share.
- Credit card slippages are plateauing, and credit costs are expected to decline in the next two quarters.
- Factors like falling rates, easing liquidity, tax cuts, and RBI's softer stance towards unsecured loans serve as catalysts for SBI Cards.
- SBI Cards reported a 30% fall in net profit for the third quarter of 2024, while delinquencies and non-performing assets increased.
Bloomberg Quint | 13 Feb, 2025
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SBI Cards & Payment Services FAQs
When was SBI Cards & Payment Services founded?
SBI Cards & Payment Services was founded in 1998. The company has been operating for 27 years primarily in the Financial Services sector.
Where is the SBI Cards & Payment Services headquarters located?
SBI Cards & Payment Services is headquartered in Gurgaon/Gurugram, Haryana.
How many employees does SBI Cards & Payment Services have in India?
SBI Cards & Payment Services currently has more than 3,800+ employees in India. Sales & Business Development department appears to have the highest employee count in SBI Cards & Payment Services based on the number of reviews submitted on AmbitionBox.
Does SBI Cards & Payment Services have good work-life balance?
SBI Cards & Payment Services has a work-life balance rating of 3.4 out of 5 based on 4,000+ employee reviews on AmbitionBox. 34% employees rated SBI Cards & Payment Services 3 or below, while 66% employees rated it 4 or above for work-life balance. This rating suggests that while some employees recognize efforts towards work-life balance, there is scope for improvement based on employee feedback. We encourage you to read SBI Cards & Payment Services work-life balance reviews for more details
Is SBI Cards & Payment Services good for career growth?
Career growth at SBI Cards & Payment Services is rated as moderate, with a promotions and appraisal rating of 3.0. 34% employees rated SBI Cards & Payment Services 3 or below, while 66% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading SBI Cards & Payment Services promotions/appraisals reviews for more detailed insights.
What are the cons of working in SBI Cards & Payment Services?
Working at SBI Cards & Payment Services does have some drawbacks that potential employees should consider. The company is poorly rated for promotions / appraisal and work satisfaction, based on 4,000+ employee reviews on AmbitionBox.
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