SBI Cards and Payment Services Limited has made the transcript of its Q3 FY26 Earnings Call, held on January 28, 2026, available on its website and attached it for reference. The call featured discussions on India's economic resilience and growth prospects, the evolution of the digital payment ecosystem, and SBI Card's business performance. Key performance metrics highlighted include an 8% year-on-year growth in cards-in-force to approximately 2 crore 18 lakh, and a 33% year-on-year growth in spends, reaching ₹1,14,702 crore in the quarter. Revenue from operations grew by 11% year-on-year to ₹5,127 crore, and Profit After Tax increased by 45% year-on-year to ₹557 crore. The company also discussed its focus on quality acquisitions, aiming for 900,000 to 1 million new accounts per quarter, with a strategic emphasis on sustainable and profitable growth. Asset quality showed improvement, with gross credit cost decreasing to 8.3% and gross NPA remaining flat at 2.86%. The company also addressed its strategy for managing margins and credit costs in the evolving market landscape.
