SBI Cards and Payment Services (SBICARD) — Announcement

1 Announcement 🔴 High Importance ✨ Positive 📄 PDF

SBI Cards received a favorable GST ruling on October 15, 2025, with the Additional Commissioner of CGST Gurugram dropping ₹81.45 crores of the ₹81.93 crores total demand—representing over 99% of the disputed Input Tax Credit. The dropped amount pertained to GSTR-2A/3B mismatch claims. The company faces a remaining ₹47.54 crores demand for supplies from cancelled registrations, which it disputes and plans to appeal.

2 Announcement ✨ Positive 📄 PDF

CRISIL reaffirmed SBI Cards' highest-tier credit ratings across its debt portfolio on October 15, 2025. Bank loan facilities were enhanced to ₹57,000 crore from ₹51,000 crore, maintaining AAA/Stable long-term and A1+ short-term ratings. New debt instruments totaling ₹3,500 crore (₹1,500 crore Lower Tier II Bonds and ₹2,000 crore NCDs) received AAA/Stable ratings. Existing NCDs reduced to ₹6,550 crore and ₹3,800.2 crore Lower Tier II Bonds retained AAA/Stable ratings. The ₹34,000 crore Commercial Paper program maintains A1+ rating.

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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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