SBI Cards and Payment Services Limited has delivered a robust financial performance for FY26, marked by a 13% year-on-year growth in Profit After Tax (PAT) to ₹2,167 crore. The company achieved a total income of ₹20,708 crore, reflecting an 11% increase over the previous year. Asset quality showed significant improvement, with the GNPA ratio declining to 2.41% as of March 31, 2026, driven by effective credit cost management strategies.
Financial Performance Overview
The company demonstrated strong momentum in the final quarter of FY26, with a PAT of ₹609 crore for the period. Throughout the fiscal year, total spends surged by 29% to reach ₹430,359 crore. This growth was supported by disciplined operating costs and improved efficiency, with a Return on Assets (ROAA) of 3.2% for the full year.
Portfolio Growth and Business Metrics
As of March 31, 2026, the company reached a milestone of 2.21 crore cards-in-force. Corporate spending continued to be a key driver, exhibiting significant growth, while retail spends maintained a steady trajectory with a 13% year-on-year increase. The company remains a dominant player in the Indian credit card market, holding an 18.6% market share in cards-in-force and an 18.1% share in spends as per the latest reports.
Asset Quality and Operational Efficiency
A primary highlight for the fiscal year was the substantial improvement in asset quality. The GNPA (Gross Non-Performing Assets) ratio dropped by 67 basis points to 2.41% compared to the previous year. This was complemented by a reduction in ECL (Expected Credit Loss) percentage to 3.0%. The company’s focus on digital transformation and efficient customer acquisition strategies, including an online spend percentage of 62.5%, has effectively lowered credit costs and bolstered profitability.
Corporate Governance and Sustainability
The company continues to prioritize its ESG initiatives, achieving notable recognition in 2026. Key achievements include 43% women representation on the Board of Directors and a commitment to paperless operations, which saved over 2.3 lakh trees during the fiscal year. Furthermore, the company was recognized as a SUPERBRAND 2025-26, reflecting its ongoing commitment to consumer-first values and operational excellence.
Source: BSE
