The Company started its operations in 1998, and since then SBI`s parentage and highly trusted brand have allowed it to quickly establish a reputation of trust, reliability and transparency with its cardholders. SBI Cards and Payment Services Limited is a subsidiary of SBI, India`s largest commercial bank in terms of deposits, advances and number of branches as of September 30, 2019, according to the RBI. The Company offers an extensive credit card portfolio to individual cardholders and corporate clients which includes lifestyle, rewards, travel and fuel, shopping, banking partnership cards and corporate cards covering all major cardholder segments in terms of income profiles and lifestyles.
SBI Cards is the second-largest credit card issuer in India, with a 17.6% and 18.1% market share of the Indian credit card market in terms of the number of credit cards outstanding as of Maand November 30, 2019, respectively, and a 17.1% and 17.9% market share of the Indian credit card market in terms of total credit card spends in fiscal 2019 and in the eight months ended November 30, 2019, respectively, according to the RBI. 14.01328) dated Novemwas issued by the RBI.
SBI SHARE PRICE NSE REGISTRATION
Pursuant to a change in name of the Company and conversion from a private company to a public company, a certificate of registration (bearing number No. The Company was registered as a non-public deposit taking NBFC pursuant to a certificate of registration (bearing number No.
On the conversion of the Company to a public limited company, pursuant to a special resolution passed by the shareholders on August 2, 2019, the name was changed to, `SBI Cards and Payment Services Limited` on August 20, 2019. SBI Cards and Payment Services Limited was incorporated as a private limited company with the name `SBI Cards and Payment Services Private Limited` on in New Delhi.
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