SBI Cards & Payments Services Pvt. Ltd., or SBICPSL, is a payment solutions provider in India. It is incorporated as a joint venture between the State Bank of India, India's largest bank, and GE Capital. They are headquartered in Gurgaon, Haryana/ Delhi NCR and have branches in over 50 cities across India. As of January 2012, SBI Card had 2.171 million credit cards.
Parent corporations
State Bank of India (SBI) is the country's largest bank. GE Capital has been operating in India since 1993.
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SBI Credit Cards
SBI Card caters to both the individual and corporate segments. SBI Card offers a number of cards under each of the following categories:
- Premium Card
- Classic Card
- Travel & Shopping Card
- Exclusive Card
- Corporate Card
Logo
The SBI Card logo has the symbol of State Bank of India, which is a circle and not key hole, and a small man at the center of the circle.
Milestones of SBI Card
- 1998: SBI Card enters the credit card space
- 1999: Reaches the '1 Lakh' mark within 10 months of launch
- 2002: SBI Card enters the '1 Million Cards' club
- 2002: First partnership with a public sector bank
- 2003: SBI Card launches 8 Cities Affinity Cards with special tie-ups & offers
- 2005: The 2 Million Cards Milestone crossed
- 2006: SBI Card launches SBI Railway Card for Indian Railway travellers
- 2006: The launch of co-brand cards, SBI Spicejet Card & TATA Cards, India's first Loyalty cum Credit Card
- 2006: SBI Card becomes second largestCredit Card issuer with 3 million cards
- 2010: SBI Platinum Card launched
- 2011: Launches chip-based EMV Cards
- 2012: Launches SBI Signature Card for HNIs
- 2013: SBI Card launches the Air India SBI Signature Card and the Air India SBI Platinum Card
Awards
- Reader's Digest 'Most Trusted Brand Gold Award' (2008, 2009, 2010, 2012, 2013)
- Rated #2 in CNBC Consumer Awards 2 years in a row (2007-2009)
- Winner of Best Mature Captive Delivery Unit in Asia (2009)
- Reader's Digest 'Most Trusted Brand Gold Award' (2008)
- Rated #2 in Business World Survey on Customer Satisfaction (2007)
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