SBI Cards & Payment Services Limited, previously known as SBI Cards & Payment Services Private Limited, is a credit card company and payment provider in India. SBI Card was launched in May 1998 by the State Bank of India and GE Capital. SBI Card is headquartered in Gurugram. In December 2017, the State Bank of India and The Carlyle Group acquired a stake in the company. In 2022, The Carlyle Group divested its entire stake in SBI Card, making the State Bank of India the majority stakeholder. On 1 April 2025, SBI Cards and Payment Services Limited appointed Salila Pande as its Managing Director and Chief Executive Officer, succeeding Abhijit Chakravorty upon his retirement. Wikipedia