SBI Card reported strong profitability in Q3 FY26, driven by growth in spends and improved credit cost. New account sourcing was moderated to manage portfolio quality. Receivables grew, and the company maintained a strong capital adequacy ratio. The firm is committed to achieving carbon neutrality by 2030.
Key Financial Highlights
SBI Card showcased robust performance in Q3 FY26, marked by the following:
- New Accounts: 8.64 lacs (up 26% year-over-year)
- CIF: 2.18 Cr (up 8% year-over-year)
- Spends: ₹114,702 Cr (up 33% year-over-year)
- Receivables: ₹57,213 Cr (up 4% year-over-year)
- PAT: ₹557 Cr (up 45% year-over-year)
Asset Quality
The company reported the following data regarding asset quality:
- GCL: 8.3%
- GNPA: 2.86%
- NNPA: 1.28%
Capital Adequacy
SBI Card maintained a strong capital position:
- CAR: 24.4%
Spend Performance
Key observations regarding spending patterns:
- Retail spends continue to grow; corporate spends increasing profitably.
- Receivables grew by approximately 4% YoY.
Online Spend Insights
Key trends in online spending include:
- Online spend as a percentage of total spend reached 62.1% in 9M FY26.
ESG Initiatives
SBI Card is committed to environmental and social responsibility:
- Committed to achieving Carbon Neutrality by 2030.
Source: BSE
