In a bid to increase its portfolio, SBI Card plans to introduce four new products in the market during the three quarter of the current fiscal.
Bombay HC has accepted service of notice in an execution application through WhatsApp after observing that the notice, served as a PDF file, was not only delivered but opened as well by the receiver.
State Bank of India's chairman Rajnish Kumar today said the lender is looking at selling stakes in some of its subsidiaries over the next two years.
Credit card player SBI Card is looking to continue growing at a 40 percent CAGR in the current financial year on rise in card issuance and total spends, a top company official said.
"The product has been designed in close association with IMA and is based on research and insights into the distinct requirements and lifestyles of doctors," it said.
SBI Card cautioned customers of risks associated with bitcoin and other crypto-currencies, but did not ban use of its credit card for such investments.
Hardayal Prasad has been appointed as Managing Director and CEO of SBI Card, the credit card issuer said in a statement today.
SBI's subsidiary is planning to launch a credit card for farmers for which it has initiated a pilot launch in three states, an official said.
Global alternative asset manager, Carlyle Group, said it has acquired majority stake in Visionary RCM Infotech (India) to support its growth and expansion plans.
SBI said the Carlyle Group has completed the acquisition of GE Capital's entire 26 pc stake in SBI Card, which is the 2nd largest and credit card issuer in the country.