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SBI Cards & Payment Services
3.7
based on 4.5k Reviews
Video summary
Company Overview
Company Locations
Working at SBI Cards & Payment Services
Company Summary
Plastic money for utilities and payments
Overall Rating
3.7/5
based on 4.5k reviews
3% below
industry average
Critically rated for
Promotions, Work satisfaction
Work Policy
Work from office
81% employees reported
Monday to Saturday
55% employees reported
Strict timing
55% employees reported
Within city
47% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
236 employees reported
Health insurance
138 employees reported
Cafeteria
95 employees reported
Office gym
54 employees reported
View all benefits
About SBI Cards & Payment Services
Founded in1998 (27 yrs old)
India Employee Count1k-5k
Global Employee Count1k-5k
India HeadquartersGurgaon/Gurugram, Haryana, India
Office Locations
--
Websitesbicard.com
Primary Industry
Other Industries
--
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SBI Cards & Payment Services Ltd., previously known as SBI Cards and Payment Services Private Limited, is a payment solutions provider in India. SBI Card was launched in October 1998 by the State Bank of India, India's largest bank, and GE Capital. In December 2017, State Bank of India and The Carlyle Group.
Mission: To offer Indian consumers access to a wide range of world-class, value-added payment products and services
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SBI Cards & Payment Services Ratings
based on 4.5k reviews
Overall Rating
3.7/5
How AmbitionBox ratings work?
5
1.9k
4
1k
3
660
2
292
1
592
Category Ratings
3.6
Skill development
3.5
Work-life balance
3.4
Company culture
3.4
Job security
3.4
Salary
3.3
Work satisfaction
3.0
Promotions
SBI Cards & Payment Services is rated 3.7 out of 5 stars on AmbitionBox, based on 4.5k company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at SBI Cards & Payment Services
based on 4.2k reviews
3.7
Rated by 1.2k Women
Rated 3.7 for Skill development and 3.6 for Job security
3.7
Rated by 3k Men
Rated 3.5 for Skill development and 3.4 for Work-life balance
Work Policy at SBI Cards & Payment Services
based on 578 reviews in last 6 months
Work from office
81%
Hybrid
13%
Permanent work from home
6%
SBI Cards & Payment Services Reviews
Top mentions in SBI Cards & Payment Services Reviews
+ 5 more
Compare SBI Cards & Payment Services with Similar Companies
 |  Change Company |  Change Company |  Change Company | |
|---|---|---|---|---|
Overall Rating | 3.7/5 based on 4.5k reviews | 3.6/5 based on 1.8k reviews | 4.1/5 based on 1.6k reviews | 3.8/5 based on 2.2k reviews |
Highly Rated for |  No highly rated category | No highly rated category | Salary Skill development Job security | No highly rated category |
Critically Rated for | Promotions Work satisfaction | Promotions Skill development Salary |  No critically rated category | Promotions |
Primary Work Policy | Work from office 81% employees reported | Work from office 85% employees reported | Work from office 84% employees reported | Work from office 86% employees reported |
Rating by Women Employees | 3.7 Good rated by 1.2k women | 3.6 Good rated by 400 women | 3.9 Good rated by 102 women | 3.6 Good rated by 416 women |
Rating by Men Employees | 3.7 Good rated by 3k men | 3.6 Good rated by 1.3k men | 4.1 Good rated by 1.4k men | 3.8 Good rated by 1.7k men |
Job security | 3.4 Average | 3.6 Good | 3.9 Good | 3.6 Good |
View more
SBI Cards & Payment Services Salaries
SBI Cards & Payment Services salaries have received with an average score of 3.4 out of 5 by 4.5k employees.
Branch Relationship Executive
(1.2k salaries)
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₹0.8 L/yr - ₹5 L/yr
Sales Executive
(889 salaries)
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₹1 L/yr - ₹5 L/yr
Relationship Executive
(541 salaries)
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₹1 L/yr - ₹3.9 L/yr
Team Lead
(506 salaries)
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₹1.5 L/yr - ₹5 L/yr
Area Sales Manager
(358 salaries)
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₹4.5 L/yr - ₹15.5 L/yr
MIS Executive
(241 salaries)
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₹1.1 L/yr - ₹4.5 L/yr
Relationship Manager
(225 salaries)
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₹2 L/yr - ₹6.5 L/yr
Back Office Executive
(185 salaries)
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₹1.2 L/yr - ₹4 L/yr
BRE
(183 salaries)
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₹1 L/yr - ₹3.6 L/yr
DIP Executive
(165 salaries)
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₹1.1 L/yr - ₹3.2 L/yr
SBI Cards & Payment Services Interview Questions
A Branch Relationship Executive was asked 1mo agoQ. How much time is required to convert a negative customer?
A Sales Executive was asked Q. What do you mean by sales?
An Area Sales Manager was asked Q. Why do you think SBI Cards is a good place to work?
A Senior Manager was asked Q. Why SBI Card and what is your reason for leaving your current role?
A Team Lead was asked Q. How can sales be increased?
SBI Cards & Payment Services Jobs
Popular Designations SBI Cards & Payment Services Hires for
Popular Skills SBI Cards & Payment Services Hires for
Current Openings
SBI Cards & Payment Services News
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Movers & Shakers: Stocks that will see action this week
- Stock of CG Power and Industrial Solutions is facing resistance at ₹705 but expected to break out soon, with a target of ₹850. Buy at ₹688 and accumulate at ₹660, with a stop-loss at ₹630.
- Mankind Pharma stock is bearish and might drop to ₹2,120-2,150 as it breached a key support at ₹2,330. Go short at ₹2,289 with a stop-loss at ₹2,350 and exit at ₹2,150.
- SBI Cards and Payment Services stock hit a 52-week high but declined last week. Expected to resume uptrend targeting ₹1,100. Buy at ₹946 and ₹915 with a stop-loss at ₹860, and exit at ₹1,100.
HinduBusinessLine | 21 Jun, 2025
Growth in credit card portfolio moderates in FY25
- Total credit card portfolio of banks increased by 11.2% to ₹2,87,047 crore in FY25 compared to ₹2,58,107 crore in the previous year.
- The growth in credit card portfolio in FY25 was the lowest in the last three years, with a significant decrease from the growth rates seen in FY24 and FY23.
- ICICI Bank reported a 11.7% increase in credit card portfolio in FY25, a notable decline from the growth rate in the previous year. SBI Card witnessed a 6% decline in new accounts.
- The moderation in credit card outstanding growth in FY25 was attributed to RBI's decision to increase risk weights on credit card receivables, aiming to discourage aggressive expansion and ensure financial stability.
HinduBusinessLine | 20 May, 2025
Stock Recommendations Today: IT, Pharma, Tata Steel, Hindalco On Brokerages' Radar
- Information technology and pharma sectors, Tata Steel Ltd., and Hindalco Ltd. were in focus for brokerages with various recommendations.
- Macquarie noted that the pause in US-China tariffs may support IT spending levels, while Citi anticipates negative effects on drug prices in the US.
- Brokerages like Macquarie and UBS provided insights on the IT sector, expecting medium-term growth and consolidation opportunities despite macroeconomic challenges.
- In the pharma sector, Macquarie highlighted potential impacts of the US Most Favored Nation pricing model, with Citi discussing inefficiencies in the US drug pricing system.
- Multiple brokerages shared recommendations on companies like Tata Steel, with JPMorgan and Jefferies maintaining positive outlooks based on financial performance and strategic moves.
- Hindalco received 'buy' ratings from BofA and Citi, which emphasized the company's long-term prospects and market conditions, while BofA maintained an 'underperform' rating on PVR.
- UPL and SBI Cards were subjects of 'buy' and 'underperform' ratings from Jefferies and Bernstein, respectively, based on financial results and market outlooks.
- Goldman Sachs highlighted Britannia's growth potential, while Jefferies maintained an 'underperform' rating on SRF due to market conditions and industry dynamics.
- JPMorgan remained positive on Mindtree with an 'overweight' rating, citing a new large deal that could boost revenue in the coming financial year.
- Brokerage recommendations provide investors with valuable insights into stock performances and sector trends, guiding investment decisions.
Bloomberg Quint | 13 May, 2025
SBI Cards Q4 Results Review: Credit Cost Decline Brings Relief, But Valuations Remain A Concern
- SBI Cards and Payment Services Ltd. reported a mixed yet encouraging fourth quarter performance, with both Morgan Stanley and Macquarie highlighting the positive shift in credit cost trends.
- Net profit came in at Rs 530 crore, down 19% year-on-year but up 39% quarter-on-quarter, beating analysts' expectations by 13%–15%.
- Macquarie remains bullish, maintaining an ‘outperform’ rating and a target price of Rs 1,000. The firm notes that credit costs were in line, but stronger NIMs and improved cost efficiency boosted earnings.
- On the other hand, Morgan Stanley is more cautious, maintaining an ‘equal-weight’ rating and raising its target price to Rs 775 from Rs 685. It acknowledges the improvement in asset quality metrics but warns that the long-term credit cost trajectory remains uncertain.
Bloomberg Quint | 25 Apr, 2025
Q4 Earnings Impact: SBI Life Rises 9%; Tech Mahindra, L&T Tech, Cyient Decline
- SBI Life Insurance Ltd. shares rose the most, while Cyient Ltd. fell the most among companies reporting Q4 results for March.
- SBI Life Insurance shares surged over 9%, while Cyient witnessed a decline of 9%.
- Tech Mahindra, L&T Technology Services, and Cyient saw a decrease in their share prices.
- SBI Life's share price rose by 9.56%, while Cyient's fell by 9.48%.
- Tech Mahindra's consolidated Q4 results showed a decline in share price, while its net profit rose by 18.7%.
- L&T Technology Services' QoQ revenue increased by 12.4%, but net profit and EBIT margins witnessed a decline.
- Indian Energy Exchange saw a rise in share price, revenue, net profit, and EBITDA, with a slight margin decline.
- Tanla Platforms' revenue and EBITDA showed slight variations, while net profit marginally decreased.
- Macrotech Developers reported an increase in revenue, EBITDA, margin, and net profit in Q4.
- Aavas Financiers and SBI Cards witnessed changes in their NII, net profit, GNPA, and NNPA in Q4 results.
Bloomberg Quint | 25 Apr, 2025
Stock Recommendations Today: Axis Bank, HUL, Nestle, ACC On Brokerages' Radar
- Analysts' top stock recommendations for Friday included Axis Bank, HUL, Nestle, and ACC after their Q1 results, with focus on profitability and growth concerns.
- On Axis Bank, Bernstein noted an 'outperform' rating with improved profitability despite weak growth, while Macquarie emphasized loan growth trajectory and lower credit costs.
- HUL's prioritization of growth over margins led Jefferies to retain a 'buy' rating, mentioning short-term margin pain and concerns among investors.
- Nestle's Q4 performance received mixed reactions with Macquarie maintaining a 'neutral' stance due to margin beat and marketing spend reductions.
- ACC saw positive views from Nomura and Citi, highlighting Ebitda recovery and strong volumes, with expectations of group-wide efficiencies and cost benefits.
- Bank of America praised Delhi's road tax waiver for hybrid vehicles, while Macquarie maintained an 'outperform' rating on SBI Cards citing declining credit costs.
- UBS had a positive outlook on SBI Life Insurance, expecting growth in value of new business, and Citi cut target price on L&T Technology Services citing weaker revenue guidance.
- Morgan Stanley showed mixed sentiments on Aavas Financiers and Mphasis, while highlighting the uncertain macro environment's impact on business performance.
- Lastly, Jefferies was cautious on Syngene International due to Q4 earnings miss and subdued fiscal 2026 guidance, along with Morgan Stanley's balanced view on Macrotech Developers' valuations.
Bloomberg Quint | 25 Apr, 2025
HUL, Axis Bank, Nestle, Tech Mahindra, SBI Cards, Aavas, L&T Tech, Can Fin Homes And More Q4 Results Review
- HUL, Axis Bank, Nestle, Tech Mahindra, SBI Cards, Aavas, L&T Tech, Can Fin Homes and more Q4 results review.
- The brokerage gives 'Add' rating to HUL, Axis Bank, Nestle, Persistent Systems; 'Buy' call for SBI Life, Supreme Industries; Reduce rating to Tech Mahindra, SBI Cards, L&T Tech.
- Axis Bank's Q4 earnings beat estimates, showing signs of portfolio stability.
- Access to stories, research reports, and exclusive content available for subscribers.
Bloomberg Quint | 25 Apr, 2025
SBI Cards Q4 PAT down 19% to ₹534 crore
- SBI Cards reported a 19% decline in Q4 PAT to ₹534 crore.
- Q4 impairment on financial instruments rose to ₹1,245 crore, up 32% y-o-y.
- Gross credit cost increased by 143 bps from last year.
- SBI Cards opened 11.09 lakh new accounts in Q4, up 8% y-o-y.
HinduBusinessLine | 24 Apr, 2025
SBI Cards Q4 Results: Date, Dividend Update, Earnings Call Schedule And More
- SBI Cards and Payment Services will announce the results for the fourth quarter and the full financial year 2024-25.
- A meeting of the Board of Directors will be held on April 24 to consider and approve audited financial results.
- The trading window for dealing in the securities of the company is closed for designated persons from April 1 until 48 hours after the declaration of the financial results.
- SBI Cards will host an earnings call on April 24 to discuss the Q4 and FY25 results with investors and analysts.
Bloomberg Quint | 23 Apr, 2025
SBI Card appoints Salila Pande as new MD & CEO
- SBI Card appoints Salila Pande as new MD & CEO.
- SBI Cards and Payment Services shares down by 2.79% on NSE.
- Pande has nearly three decades of experience at State Bank of India (SBI).
- Pande to focus on digital payments adoption and enhancing customer experience.
HinduBusinessLine | 1 Apr, 2025
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SBI Cards & Payment Services FAQs
When was SBI Cards & Payment Services founded?
SBI Cards & Payment Services was founded in 1998. The company has been operating for 27 years primarily in the Financial Services sector.
Where is the SBI Cards & Payment Services headquarters located?
SBI Cards & Payment Services is headquartered in Gurgaon/Gurugram, Haryana.
How many employees does SBI Cards & Payment Services have in India?
SBI Cards & Payment Services currently has more than 3,800+ employees in India. Sales & Business Development department appears to have the highest employee count in SBI Cards & Payment Services based on the number of reviews submitted on AmbitionBox.
Does SBI Cards & Payment Services have good work-life balance?
SBI Cards & Payment Services has a Work-Life Balance Rating of 3.5 out of 5 based on 4,500+ employee reviews on AmbitionBox. 66% employees rated SBI Cards & Payment Services 4 or above, while 34% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read SBI Cards & Payment Services work-life balance reviews for more details.
Is SBI Cards & Payment Services good for career growth?
Career growth at SBI Cards & Payment Services is rated as moderate, with a promotions and appraisal rating of 3.0. 34% employees rated SBI Cards & Payment Services 3 or below, while 66% employees rated it 4 or above on promotions / appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading SBI Cards & Payment Services promotions / appraisals reviews for more detailed insights.
What are the cons of working in SBI Cards & Payment Services?
Working at SBI Cards & Payment Services does have some drawbacks that potential employees should consider. The company is poorly rated for promotions / appraisal, work satisfaction and salary & benefits, based on 4,500+ employee reviews on AmbitionBox.
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