NSE: SBICARD · 23 October 2026
- SBI Cards and Payment Services Limited (SBICARD) declined 3.66% today, settling at ₹545.55 after touching an intraday high of ₹569.45 and a low of ₹525.00, which also marked its 52-week low.
- SBI Cards and Payment Services reported total revenue of ₹5,302 crore for the quarter ended September 30, 2026, marking a 3% increase year-on-year. Profit after tax jumped 75% year-on-year to ₹778 crore, supported by lower impairment losses and bad debts expenses of ₹819 crore compared to ₹1,293 crore in the same period last year. Gross non-performing assets improved to 1.90% of gross advances from 2.85% a year ago.
- Trading volume was 3.08 times the 20-day average daily volume.
Why is Sbi Cards & Pay Ser share price falling on 23 October 2026?
SBI Cards and Payment Services Limited (SBICARD) declined 3.66% today, settling at ₹545.55 after touching an intraday high of ₹569.45 and a low of ₹525.00, which also marked its 52-week low.
The broader market benchmark Nifty slipped 0.39%, while the Nifty Financial Services sector faced downward pressure amid ongoing weakness in financial names. SBICARD's decline aligns with an extended correction phase, carrying a 5-day return of -4.82% and a 20-day return of -14.09%, reflecting persistent caution in the unsecured credit card lending space.
The downward move coincided with the release of the company's financial results for the quarter ended September 30, 2026, where profit after tax rose 75% year-on-year to ₹778 crore alongside a stable credit rating reaffirmation from ICRA. Although the earnings update provided solid operating metrics, including a gross non-performing asset ratio of 1.90%, market participants weighed ongoing credit cost dynamics and asset quality vulnerability in the unsecured loan portfolio against broader sectoral trends.
28.31 lakh shares traded by 23 October 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 9.19 lakh shares (3.08 times). The five-day average daily volume was 10.29 lakh shares. Separately, the NSE report for 23 October 2026 showed 7.11 lakh shares delivered, representing 25.12% of that day’s traded volume. The same report recorded 71,997 trades.
The stock's 3.66% decline on high volume (3.08x the 20-day average) occurred alongside the release of Q2 FY27 earnings and credit rating updates. While headline profit surged, cautious sentiment around unsecured portfolio vulnerabilities and broader sector headwinds contributed to the downward price action.
Latest Company Developments
SBI Cards and Payment Services reported total revenue of ₹5,302 crore for the quarter ended September 30, 2026, marking a 3% increase year-on-year. Profit after tax jumped 75% year-on-year to ₹778 crore, supported by lower impairment losses and bad debts expenses of ₹819 crore compared to ₹1,293 crore in the same period last year. Gross non-performing assets improved to 1.90% of gross advances from 2.85% a year ago.
Quarterly earnings updates directly influence valuation by detailing core revenue growth, credit provisioning trends, and profitability metrics.
SBI Card announced the launch of the co-branded Eternal SBI Card in partnership with Eternal, expanding its lifestyle and rewards portfolio. The initiative aims to deepen customer acquisition across digital and retail ecosystems. This follows other recent portfolio additions, including the FD-backed secured Advantage SBI Card launched on the SBI YONO platform.
New product rollouts and strategic co-branded partnerships drive cardholder acquisition and support long-term fee income growth.
a press release dated October 23, 2026, titled "Financial Results of the Company for the quarter ended September 30, 2026".
SBI Cards and Payment Services Limited has submitted to the Exchange, the Financial Results for the period ended September 30, 2026.
a press release dated October 23, 2026, titled "Financial Results of the Company for the quarter ended September 30, 2026".
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 13.00% on 30 September 2026. This compares with 10.80% on 30 June 2026, a change of +2.20 percentage points.
The filing reported 34 MF/UTI holders.
Historical Bulk / Block Deals
What to Watch Next
- Management commentary and institutional investor feedback from the post-earnings analyst meet
- Trajectory of gross and net non-performing assets in upcoming quarters
- Credit cost trends and weighted average cost of borrowings following systemic interest rate cycles
- Delivery volume trends against the 20-day average volume of cash trades
Other Dated Coverage
- Sbi Cards & Pay Ser Share Price Today: Why SBICARD Is Rising 1.26% | 22 October 2026 — 22 October 2026
- Sbi Cards & Pay Ser Share Price Today: Why SBICARD Is Rising 1.26% | 19 October 2026 — 19 October 2026
- SBI Cards in Focus After Launching Co-Branded Eternal SBI Card | 16 October 2026 — 16 October 2026
More Sbi Cards & Pay Ser news and dated analysis →
Frequently Asked Questions
What is the latest Sbi Cards & Pay Ser company news?
SBI Cards and Payment Services reported total revenue of ₹5,302 crore for the quarter ended September 30, 2026, marking a 3% increase year-on-year. Profit after tax jumped 75% year-on-year to ₹778 crore, supported by lower impairment losses and bad debts expenses of ₹819 crore compared to ₹1,293 crore in the same period last year. Gross non-performing assets improved to 1.90% of gross advances from 2.85% a year ago.
How strong was Sbi Cards & Pay Ser’s trading volume?
28.31 lakh shares traded, 3.08 times the 20-day average daily volume. The price and volume data are dated 23 October 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.