SBI Card has released its investor presentation for the quarter and half-year ended September 30, 2026. The document, disclosed on October 23, 2026, provides a detailed overview of the company’s financial performance, business volumes, profitability, and asset quality. Key highlights include GNPA below 2%, with new accounts crossing 1.1 million. The presentation also outlines progress in key business metrics, portfolio growth, and financial updates for the period.
SBI Card Unveils Q2 FY27 Financial Performance
SBI Card has submitted a comprehensive investor presentation detailing its financial results for the second quarter (Q2) and the first half (H1) of the fiscal year 2027 (FY27), ending September 30, 2026. The disclosure, made on October 23, 2026, adheres to SEBI’s Listing Obligations and Disclosure Requirements.
Key Financial and Business Highlights
Business Volumes and Profitability
The presentation indicates robust performance in business volumes, with 11.06 lacs new accounts opened in Q2 FY27, representing an 18% YoY growth. Spends reached ₹110,689 crore, showing a 3% YoY increase. Profitability metrics are also strong, with Profit After Tax (PAT) at ₹778 crore, a substantial 75% YoY increase. The Cost to Income ratio stands at 58.7%.
Asset Quality and Balance Sheet
Asset quality remains a focus, with Gross Non-Performing Assets (GNPA) reported below 2%, specifically at 1.90%. The Capital Adequacy Ratio (CAR) is at a healthy 26.5%, indicating strong financial stability. The balance sheet shows total assets of ₹71,102 crore as of September 2026.
Portfolio Growth and Market Share
SBI Card continues to expand its portfolio, with new account sourcing for Q2 FY27 showing a significant 51% from SBI and 49% from the open market. Cards-in-force as of September 30, 2026, stood at 1.11 crore. The company also highlighted its dominant position in the Indian credit card market across cards in force, spends, and transactions, with market share in the range of 18.5% to 19.0%.
Recent Developments and Recognitions
Recent strategic initiatives include the launch of the ‘Google Pay Flex SBI Card’ and the ‘Secured Card Digital Journey on YONO’. The company also highlighted its CSR activities and received awards for being among the Top 25 Safest Workplaces in India and recognition for its MD & CEO.
Source: BSE
