Date: July 24, 2026

Financial Performance Q1 FY27

Revenue and Profitability

  • Total Revenue increased by 3% YoY to ₹5,205 Cr in Q1 FY27 versus ₹5,035 Cr in Q1 FY26
  • Profit After Tax (PAT) increased by 20% YoY to ₹664 Cr in Q1 FY27 versus ₹556 Cr in Q1 FY26
  • Return on Average Assets (ROAA) improved to 3.9% in Q1 FY27 from 3.4% in Q1 FY26
  • Return on Average Equity (ROAE) improved to 16.5% in Q1 FY27 from 15.8% in Q1 FY26

Revenue Breakdown

  • Interest income decreased by 3% to ₹2,421 Cr in Q1 FY27 versus ₹2,493 Cr in Q1 FY26
  • Fees and other revenue increased by 10% to ₹2,620 Cr in Q1 FY27 versus ₹2,384 Cr in Q1 FY26
  • Total operating cost increased by 23% to ₹2,620 Cr in Q1 FY27 versus ₹2,123 Cr in Q1 FY26
  • Finance costs decreased by 8% to ₹745 Cr in Q1 FY27 versus ₹813 Cr in Q1 FY26
  • Earnings before credit costs decreased by 12% to ₹1,841 Cr in Q1 FY27 versus ₹2,100 Cr in Q1 FY26
  • Impairment losses & bad debts expenses decreased by 30% to ₹948 Cr in Q1 FY27 versus ₹1,352 Cr in Q1 FY26

Business Metrics

  • Cards-in-force grew by 7% YoY to 2.26 Cr as of Q1 FY27 versus 2.12 Cr in Q1 FY26
  • New accounts volume reached 1,023K in Q1 FY27 versus 873K in Q1 FY26
  • Spends grew by 27% YoY to ₹118,475 Cr in Q1 FY27 versus ₹93,244 Cr in Q1 FY26
  • Receivables grew by 3% YoY to ₹58,269 Cr in Q1 FY27 versus ₹56,607 Cr in Q1 FY26
  • Market share for Q1 FY27: Card-in-force at 18.6% (Q1 FY26: 19.1%), Spends at 19.5% (Q1 FY26: 16.6%)
  • Company is #2 for Cards-in-force, spends, and transactions in the industry

Balance Sheet Position (as of June 30, 2026)

  • Total Balance Sheet size: ₹69,707 Cr (versus ₹66,328 Cr as of March 31, 2026)
  • Total Gross Advances (Credit card receivables): ₹58,269 Cr (versus ₹56,926 Cr as of March 31, 2026)
  • Net worth: ₹16,463 Cr (versus ₹15,797 Cr as of March 31, 2026)

Detailed Balance Sheet (₹ Cr)

| Description | Mar'26 | Jun'26 |

| Assets | | |

| Loans (Net of provisions) | 54,984 | 56,392 |

| Cash & Bank Balances | 2,320 | 3,983 |

| Investments | 6,374 | 6,686 |

| Other Financial Assets & Trade Receivables | 598 | 655 |

| Total non-financial Assets | 2,052 | 1,991 |

| Total Assets | 66,328 | 69,707 |

| Liabilities and Equity | | |

| Total Equity | 15,725 | 16,391 |

| Borrowings, Subordinated Liabilities & Debt Securities | 44,064 | 47,176 |

| Other financial liabilities | 4,565 | 4,112 |

| Total non-financial liabilities | 1,974 | 2,028 |

| Total liabilities and equity | 66,328 | 69,707 |

Asset Quality

  • Gross non-performing assets: 2.04% of gross advances as of June 30, 2026 (versus 3.07% as of June 30, 2025)
  • Net non-performing assets: 0.83% as of June 30, 2026 (versus 1.42% as of June 30, 2025)

Capital Adequacy

  • Capital to Risk Ratio (CRAR): 25.6% as of June 30, 2026 (versus 23.2% as of June 30, 2025)
  • Tier I capital: 20.3% as of June 30, 2026 (versus 17.9% as of June 30, 2025)
  • Regulatory requirement: Minimum 15% CRAR, Minimum 10% Tier I capital

Credit Ratings

  • CRISIL Long Term: AAA/Stable
  • CRISIL Short Term: A1+
  • ICRA Long Term: AAA/Stable
  • ICRA Short Term: A1+

Company Overview

SBI Cards and Payment Services Limited is a non-banking financial company offering extensive credit card portfolio including lifestyle, rewards, travel & fuel, and banking partnerships cards along with corporate cards. The brand has over 22.6 million cards in force as of June 2026.