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SBI Cards & Payment Services
3.7
based on 3.9k Reviews
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 3.9k reviews
5% below
industry average
Critically rated for
Promotions/Appraisal, Work Satisfaction, Company Culture
Work Policy
Work from office
89% 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
236 employees reported
Health insurance
139 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 3.9k reviews
Overall Rating
3.7/5
How AmbitionBox ratings work?
5
1.7k
4
931
3
581
2
248
1
497
Category Ratings
3.6
Skill Development
3.4
Job Security
3.4
Salary & Benefits
3.4
Work-Life Balance
3.3
Company Culture
3.3
Work Satisfaction
3.0
Promotions/Appraisal
SBI Cards & Payment Services is rated 3.7 out of 5 stars on AmbitionBox, based on 3.9k 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 3.6k reviews
3.6
Rated by 1.1k Women
Rated 3.6 for Skill Development and 3.5 for Job Security
3.7
Rated by 2.6k Men
Rated 3.5 for Skill Development and 3.4 for Job Security
Work Policy at SBI Cards & Payment Services
based on 334 reviews in last 6 months
Work from office
89%
Hybrid
8%
Permanent work from home
3%
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 3.9k reviews | 4.0/5 based on 36.9k reviews | 3.9/5 based on 37.8k reviews | 3.8/5 based on 24.3k 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 | Promotion/Appraisals Work Satisfaction Company culture | No critically rated category | Promotion/Appraisals | Promotion/Appraisals |
Primary Work Policy | Work from office 89% employees reported | Work from office 92% employees reported | Work from office 85% employees reported | Work from office 82% employees reported |
Rating by Women Employees | 3.6 Good rated by 1.1k women | 3.9 Good rated by 9.7k women | 3.7 Good rated by 7.7k women | 3.7 Good rated by 5.2k women |
Rating by Men Employees | 3.7 Good rated by 2.6k men | 4.0 Good rated by 25.4k men | 3.9 Good rated by 28.1k men | 3.8 Good rated by 18k men |
Job Security | 3.4 Average | 4.1 Good | 4.0 Good | 3.7 Good |
View more
SBI Cards & Payment Services Salaries
3.4
rated by 3.9k employees for salariesBranch Relationship Executive
(1.4k salaries)
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₹1 L/yr - ₹5 L/yr
Sales Executive
(876 salaries)
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₹1 L/yr - ₹5 L/yr
Relationship Executive
(518 salaries)
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₹1 L/yr - ₹3.5 L/yr
Team Lead
(470 salaries)
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₹1.4 L/yr - ₹5 L/yr
Area Sales Manager
(400 salaries)
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₹5 L/yr - ₹16 L/yr
MIS Executive
(250 salaries)
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₹1.1 L/yr - ₹4 L/yr
Relationship Manager
(231 salaries)
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₹1.7 L/yr - ₹6.5 L/yr
BRE
(187 salaries)
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₹1 L/yr - ₹3.3 L/yr
Branch Relationship Manager
(186 salaries)
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₹1.5 L/yr - ₹5 L/yr
DIP Executive
(180 salaries)
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₹1.1 L/yr - ₹3.2 L/yr
SBI Cards & Payment Services Interview Questions
Interview questions by designation
Top SBI Cards & Payment Services interview questions and answers
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Interview Process at SBI Cards & Payment Services
based on 56 interviews in last 1 year
Interview Experience
4.3
Good
Difficulty level
Easy
38%
Moderate
55%
Hard
7%
People are getting interviews through
based on 174 SBI Cards & Payment Services interviews
Referral
21%
Walkin
20%
Job Portal
20%
Company Website
10%
*29% candidates got the interview through other sources
High confidence
SBI Cards & Payment Services Jobs
SBI Cards & Payment Services News
View all
SBI Cards Share Price Rises After 'Buy' Upgrade From Brokerages
- SBI Cards & Payment Services Ltd.'s share prices rose over 5% after Nuvama and Nomura upgraded the stock's rating to a 'buy'.
- Nuvama increased its target price to Rs 850 from Rs 620 per share. This implies a potential upside of 17.5% over Friday's close of Rs 723. Nomura, too, raised its rating to 'buy' with a target price of Rs 825, seeing a 17.4% return potential over Thursday's close.
- The brokerage cited asset quality improvement and potential rate cut-driven re-rating likely in the near term. Over the past two years, the company has consistently missed earnings expectations due to rising credit costs and limited signs of a turnaround.
- SBI Cards stock rose as much as 5.16% during the day to Rs 760 apiece on the NSE. It was trading 2.47% higher at Rs 741.45 apiece, compared to a 0.67% decline in the benchmark Nifty 50 as of 10:53 a.m.
Bloomberg Quint | 6 Jan, 2025
SBI Cards' November Spending Market Share Falls, But Morgan Stanley Maintains 'Equal-Weight'
- SBI Cards' November spending market share fell due to RBI's rules on corporate card spending.
- The spending market share in November was 14.9%, down from 19.6% YoY and 15.8% MoM.
- Number of cards in force market share stood at 18.7% in November.
- Morgan Stanley maintains 'equal-weight' rating on SBI Cards with a target price of Rs 650 per share.
Bloomberg Quint | 24 Dec, 2024
Broker’s call: SBI Card (Neutral)
- SBI Card is well-positioned to capture growth in India’s expanding credit card market.
- Key insights include steady retail spending growth, margins nearing the bottom, and a structural shift toward digital transactions.
- Sourcing mix to tilt back with banca channel at 50-55%, while opex is expected to increase.
- Asset quality stress lingers, but SBI Card expects earnings growth to recover from FY26 with expansions in margins and asset quality.
HinduBusinessLine | 6 Dec, 2024
SBI Cards - Spends Outlook Steady; Asset Quality Pain To Continue In The Near Term: Motilal Oswal
- Motilal Oswal maintains a Neutral rating on SBI Cards with a target price of Rs 750.
- The outlook for spends on SBI Cards remains steady.
- However, there is an expectation of continued asset quality pain in the near term.
Bloomberg Quint | 4 Dec, 2024
Growth in credit card portfolio tapering down on account of concerns over delinquencies
- The growth in total outstanding portfolio under credit cards in India was lower at 18% in the first half of the current financial year compared to the previous fiscal year.
- SBI Card witnessed a decline in new card issues, with volumes decreasing by about 5 lakh in the second quarter of FY25.
- ICICI Bank aims to proceed cautiously in growing its credit card business, considering the increase in delinquencies and credit costs.
- The credit card industry in India has been impacted by macroeconomic factors, leading to an increase in delinquency levels and repayment challenges for borrowers.
HinduBusinessLine | 25 Nov, 2024
Growth in credit card portfolio tapering down on account of concerns over delinquencies
- The growth in total outstanding portfolio under credit cards was lower at 18% in the first half of the current financial year compared to the same period in the last fiscal year.
- SBI Cards experienced a decline in new card issues, with a 21% decrease in new account volumes in the second quarter of FY25.
- ICICI Bank remains cautious but committed to growing its credit card business, despite an increase in delinquencies and credit costs.
- Experts note that the credit card industry is facing higher delinquency levels due to macroeconomic factors impacting borrowers' repayment capacity.
HinduBusinessLine | 25 Nov, 2024
SBI Cards Q2 Results Review - Asset Quality Pain Continues; Margins Contract Further: Motilal Oswal
- SBI Cards reports Q2 results with asset quality pain and contraction in margins.
- Motilal Oswal reiterates Neutral rating on the stock with a target price of Rs 750.
- The target price is based on 22 times Sep’26E earnings per share.
- SBI Cards' Q2 results indicate ongoing challenges in asset quality and margin contraction.
Bloomberg Quint | 30 Oct, 2024
SBI Cards Headed For A Tough Year As Profitability Likely To Remain Under Pressure, Says Nomura
- SBI Cards is expected to face a tough year as profitability is likely to remain under pressure, according to Nomura.
- Nomura maintained a 'reduce' rating on the stock and lowered the target price to Rs 625 per share.
- Challenges for SBI Cards include lower retail spending per card and asset quality pressures.
- Nomura suggests that a potential policy rate cut may provide some relief, but profitability will remain strained in the near term.
Bloomberg Quint | 30 Oct, 2024
Maruti Suzuki, LIC Housing Finance, SBI Cards, JK Cement, Symphony And More Q2 Review: HDFC Securities
- HDFC Securities has maintained a 'Buy' rating on Maruti Suzuki and a 'Reduce' rating on LIC Housing Finance.
- The brokerage has reviewed the financial performance of companies like SBI Cards, JK Cement, and Symphony during Q2.
- Maruti Suzuki continues to receive a 'Buy' rating based on its strong brand presence and competitive advantage.
- LIC Housing Finance, on the other hand, has received a 'Reduce' rating due to concerns about the asset quality of its loan book.
Bloomberg Quint | 30 Oct, 2024
SBI Card Q2 Net Down 33% to ₹ 404 crore
- SBI Card Q2 net profit recorded a 33% decline to ₹404 crore.
- Total revenue from operations increased by 8% to ₹4,421 crore.
- Impairment losses and bad debts expenses increased by 63% to ₹1,212 crore.
- Gross non-performing assets (GNPA) stood at 3.27% of gross advances.
HinduBusinessLine | 29 Oct, 2024
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