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EXPLAINED: Sbi card | Rare Historical Photos

SBI refused to close higher fee credit card given to woman who asked for a cheaper one, charged Rs 2,999 instead of Rs 499, ordered to pay Rs 50,000

A Delhi consumer commission has ordered SBI Card to pay Rs 50,000 to a cardholder who asked for a cheaper credit card and was refused. The company has also been told to close the card and issue a bill as on 4 August 2023.

The Economic Times · Oct 11

FD-backed SBI credit card: Advantage SBI Card launched; who can benefit from it?

SBI Card has introduced the Advantage SBI Card through the SBI YONO app, making it simpler than ever for customers to apply. This innovative offering features four variants of secured credit cards linked to fixed deposits. With a fully paperless application process, it's designed to enhance accessibility, particularly for those…

The Economic Times · Sep 24

The Credit Card Minimum Payment Trap: How Debt and Interest Quietly Double Your Balance

Chanakya Knew About This Trap, He Just Called It a Different NameChanakya wrote in the Arthashastra that a debt left unresolved does not stay still. It grows. The minimum payment button on your credit card app is the modern version of that warning. It looks like relief. It is the…

Times Life · Sep 12

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What Is the Best Way to Pay for an International Trip and Does My Credit Card Include Airport Lounge Access?

Experienced travellers combine travel credit cards, local currency, and backup payment methods for international trips. Comparing exchange rates, forex markups, and acceptance influences payment choices abroad. SBI Card offers features like global acceptance and travel rewards for international journeys. Travellers should enable international transactions and verify credit limits before departing…

The Economic Times · Sep 3

Need money urgently? Here's how to choose the right funding option.

Facing a financial emergency necessitates a strategic approach to funding resources. For SBI Credit Card users, features like Flexipay and Balance Transfer on EMI can alleviate immediate pressures. Although Cash Advance is available for urgent cash needs, it presents hefty charges; hence, it should be reserved for critical situations. Analyzing…

The Economic Times · Sep 3

MSCI Rejig: Adani Energy Solutions, Lenskart Solutions make the cut; SBI Cards, Astral to be excluded

Astral Ltd., Balkrishna Industries Ltd. and SBI Cards and Payment Services Ltd. will be removed from the MSCI India Index. Astral and Balkrishna Industries will, however, be moved to the MSCI India Smallcap Index.

The Economic Times · Aug 13

India's SBI Card posts higher quarterly profit on asset quality boost

SBI Cards announced an impressive profit surge attributed to lower provisions for bad loans. A remarkable rise in card spending highlighted robust consumer and corporate appetite, alongside a boost in total revenue propelled by increased transaction volumes across their card offerings. Furthermore, the company's asset quality has notably improved with…

The Economic Times · Jul 24

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MSCI India rejig: Eternal likely to see highest inflows at $648 mn; Lenskart, Groww among Nuvama’s expected inclusions

MSCI’s August India Standard Index review could trigger major passive inflows, with Eternal expected to attract the highest at $648 million, according to Nuvama. The brokerage sees Laurus Labs, Adani Energy Solutions, Lenskart and Groww among likely inclusions, while Balkrishna Industries, SBI Cards and Astral face potential exclusions.

The Economic Times · Jul 21

SBI Card to revise reward point benefits on these credit cards from July 1, 2026; check details

SBI Card is revising reward point programs for PhonePe SBI Credit Cards, effective July 1, 2026. Both PURPLE and SELECT BLACK cardholders will face new monthly caps on reward points for PhonePe and online spends. Additionally, the SELECT BLACK card will exclude several transaction categories from earning rewards.

The Economic Times · Jun 3

SBI Card Q2 net profit jumps 52% to Rs 526 crore

NEW DELHI: SBI Cards and Payment Services Ltd (SBI Card) on Thursday reported a 52 per cent jump in its net profit to Rs 526 crore for the quarter ended September on higher income.

The Times of India · Oct 27, 2022

SBI Card Q3 profit zooms 84% to Rs 386 crore on higher card spends, fall in bad loans

NEW DELHI: SBI Cards and Payment Services on Monday reported 84 per cent jump in net profit at Rs 386 crore for December quarter 2021-22 on the back of healthy card spends, fall in bad loans and higher income from other sources.

The Times of India · Jan 24, 2022

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