SBI Cards

SBI Cards & Payments Services Pvt. Ltd., or SBICPSL, is a payment solutions provider in India. It is incorporated as a joint venture inbetween the State Bank of India, India’s largest bank, and GE Capital. [1] They are headquartered in Gurgaon, Haryana/ Delhi NCR and have branches in over fifty cities across India. [Two] For the financial year ended March 31, 2016, SBI Card recorded a net profit of ₹271 crore and profit before tax of about ₹438 crore. [Three] As of October 2016,the company has a customer base of four million credit cards .

Contents

GE Capital had, in 1998, partnered with State Bank of India to float two joint venture companies, including SBI Cards for developing credit card business in India.

SBI Cards & Payment Services is the front end of the business focusing on marketing and distribution of credit cards. On the other palm, GE Capital Business Process Management Services takes care of technology and processing as a captive BPO unit. GE Capital wields forty per cent in the former and sixty per cent in the latter.

SBI possesses sixty per cent in SBI Cards and Payment Services and forty per cent in the captive BPO unit.

As on July 2016, State Bank of India was looking for a replacement for GE Capital in the credit card joint venture in accordance with General Electrified’s global plan to exit from finance business. [Four]

SBI Card caters to both the individual and corporate segments. SBI Card offers a number of cards under each of the following categories:

Logo Edit

The SBI Card logo has the symbol of State Bank of India, which is a circle and not key crevice, and a puny man at the center of the circle. [ citation needed ]

• 1998: SBI Card comes in the credit card space [Five]
• 1999: Reaches the ‘1 Lakh’ mark within ten months of launch [6]
• 2002: SBI Card comes in the ’1 Million Cards’ club
• 2002: Very first partnership with a public sector bank [7]
• 2003: SBI Card launches eight Cities Affinity Cards with special tie-ups & offers [8]
• 2005: The two Million Cards Milestone crossed [9][Ten]
• 2006: SBI Card launches SBI Railway Card for Indian Railway travellers [11]
• 2006: The launch of co-brand cards, SBI Spicejet Card & TATA Cards, India’s very first Loyalty jizz Credit Card [12][13]
• 2006: SBI Card becomes 2nd largestCredit Card issuer with three million cards [14]
• 2010: SBI Platinum Card launched [15][16]
• 2011: Launches chip-based EMV Cards [17]
• 2012: Launches SBI Signature Card for HNIs [Eighteen]
• 2013: SBI Card launches the Air India SBI Signature Card and the Air India SBI Platinum Card [Nineteen]

• Reader’s Digest ‘Most Trusted Brand Gold Award’ (2008, 2009, 2010, 2012, 2013) [20][21]
• Rated #Two in CNBC Consumer Awards two years in a row (2007–2009) [22]
• Winner of Best Mature Captive Delivery Unit in Asia (2009) [23]
• Reader’s Digest ‘Most Trusted Brand Gold Award’ (2008) [24][25]
• Rated #Two in Business World Survey on Customer Satisfaction (2007) [26]

1. ^“Company Overview of SBI Cards & Payment Services Private Limited”Bloomberg Businessweek. Retrieved ten January 2013.
2. ^“SBI Cards Growth”India Times. Retrieved eight January 2013.
3. ^http://www.thehindubusinessline.com/money-and-banking/sbi-card-still-looking-for-a-partner-to-replace-ge-caps/article8816339.ece
4. ^http://www.thehindubusinessline.com/money-and-banking/sbi-card-still-looking-for-a-partner-to-replace-ge-caps/article8816339.ece
5. ^“SBI Card comes in Credit Cards”Express India. Retrieved nine January 2013.
6. ^“SBI Cards base crosses five lakh-mark in two years”Express India. Retrieved eleven January 2013.
7. ^“Very first Partnership with a public sector bank”India Times. Retrieved twenty six December 2012.
8. ^“SBI launches Hyderabad card”The Hindu Business Line. Retrieved eleven January 2013.
9. ^“SBI Card Now two million strong and growing”Indiantelevision. Retrieved twelve November 2012.
10. ^“SBI Card crosses two million mark”Corporate News. Retrieved one October 2012.
11. ^“Railways Join Mitts With SBI to Launch Co-Branded Credit Card”Financial Express. Retrieved twenty five October 2012.
12. ^“SpiceJet, SBI Cards launch co-branded credit card”The Hindu. Retrieved eleven October 2012.
13. ^“Tata group, SBI launch card with loyalty theme”The Hindu Business Line. Retrieved fifteen November 2012.
14. ^“SBI Cards is No.Two credit card co”Rediff India Abroad. Retrieved sixteen September 2012.
15. ^“SBI Cards launches platinum card”The Hindu. Retrieved sixteen September 2012.
16. ^“SBI launches Platinum Card”The Hindu. Retrieved one October 2012.
17. ^“EMV Cards”Economic Times. Retrieved three January 2012.
18. ^“HNI Cards”The Hindu Business Line. Retrieved nine January 2013.
19. ^“Air India, SBI Cards launch co-branded credit card”The Hindu Business Line. Retrieved seventeen September 2013.
20. ^“SBI Card Voted India’s Most Trusted Brand in Reader’s Digest Asia Trusted Brands two thousand nine Survey”Business Standard. Retrieved twenty one November 2013.
21. ^“SBI Card voted most trusted credit card brand in Reader’s Digest Trusted Brands Survey 2010”Business Standard. Retrieved twenty one November 2013.
22. ^“SBI Card Voted India’s Most Trusted Brand in Reader’s Digest Asia Trusted Brands two thousand nine Survey”Business Standard. Retrieved seven January 2013.
23. ^“GE Capital, SBI joint venture wins award”The Hindu. Retrieved ten January 2013.
24. ^“SBI Card Voted India’s Most Trusted Brand in Reader’s Digest Asia Trusted Brands two thousand nine Survey”Business Standard. Retrieved ten January 2013.
25. ^“SBI Card voted as India’s most trusted brand”CNBC MoneyControl. Retrieved eleven January 2013.
26. ^“SBI Card Voted India’s Most Trusted Brand in Reader’s Digest Asia Trusted Brands two thousand nine Survey”Business Standard. Retrieved eleven January 2013.

• SBI Card Official website
• List Of SBI Credit Cards Paisa.co

How to Check SBI Credit Card Application Status Edit

The status of SBI credit card application can be checked online using the “Track your application” facility provided on https://www.sbicard.com website. The thirteen digit application number received while applying for the card needs to be used to get the status of the application.

Application status can also be checked by utilizing the toll free customer care number provided in the “Contact Us” section of SBI Card website.

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