SBI Card profit rose to ₹778 crore in the quarter ended September 30, 2026, from ₹445 crore a year earlier, as improving asset quality and lower loan-loss provisions supported earnings. The Indian credit-card issuer announced the second-quarter fiscal 2027 results on October 23.
Key Takeaways
- Profit after tax increased about 75%, substantially outpacing revenue growth.
- Loan-loss provisions fell 36.6% year over year to ₹819 crore.
- The card base expanded 8%, faster than the 3% increase in total spending.
Table of Contents
- SBI Card profit benefits from improving asset quality
- Card-base expansion outpaces spending growth
- Conclusion
SBI Card profit benefits from improving asset quality
The company’s gross non-performing asset ratio fell to 1.90% at September-end, down 14 basis points from three months earlier. The improvement followed several quarters of tighter credit underwriting aimed at addressing asset-quality stress and higher credit-card delinquencies.
Lower loan-loss provisions reduced the charge against earnings, helping profit grow much faster than operating revenue. The ₹333 crore increase in profit after tax represented growth of approximately 74.8% from the September 2025 quarter.
The comparisons cover different periods: the decline in the bad-loan ratio is measured against the preceding quarter, while the reduction in provisions is measured against a year earlier.
| Item | Details |
|---|---|
| Revenue from operations | ₹5,141 crore in Q2 FY27; up 3.6% year over year. |
| Total card spending | ₹1.11 lakh crore in Q2 FY27; up 3% year over year. |
| Cards in force | 23.2 million; up 8% from a year earlier. |
Card-base expansion outpaces spending growth
SBI Cards and Payment Services continued to expand its card base, but total spending increased more slowly. Operating revenue also posted a modest annual gain, underscoring the importance of lower credit-loss charges to the quarter’s profit improvement.
State Bank of India’s description of its credit-card subsidiary identifies SBI Card as a non-banking financial company serving individual cardholders and corporate clients. That business spans lifestyle, rewards, travel, fuel and corporate cards.
Conclusion
The September-quarter results show a recovery driven more by lower credit-loss charges than by revenue growth. Subsequent results will provide the next test of whether asset-quality improvement can continue alongside expansion of the card base.
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