SBI Cards and Payment Services (SBICARD) — Announcement

1 Announcement 🔴 High Importance ✨ Positive 📄 PDF

SBI Cards and Payment Services Limited launched the Flipkart SBI Card on August 26, 2025, a domestic rewards-focused credit card product. This regulatory disclosure filing, made under SEBI Listing Obligations, marks the company's expansion into co-branded card offerings targeting the e-commerce segment. The launch strengthens SBI Cards' product portfolio and strategic positioning in the growing digital payments ecosystem.

2 Announcement ✨ Positive 📄 PDF

SBI Card and Flipkart launched a co-branded credit card offering 7.5% cashback on Myntra and 5% cashback on Flipkart, Shopsy, and Cleartrip spends. The Flipkart SBI Card features a ₹500 joining fee with welcome benefits worth ₹1,250, spend-based annual fee reversal at ₹3,50,000 spends, and 1% fuel surcharge waiver. The card is available on Mastercard and VISA platforms with digital application via Flipkart App and SBI Card website, targeting e-commerce shoppers with formal credit access.

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About SBI Cards and Payment Services Limited (SBICARD)

Financial Services · Finance · Listed on NSE

Market Cap: ₹59,570.5 Cr P/E: 27.5

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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