SBI Cards and Payment Services Limited has informed the Exchange regarding a press release dated September 25, 2025, titled "SBI Card and IndiGo Form Strategic Partnership; Launch IndiGo SBI Card".

Strategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.7%+1.2% vs market

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On the reaction day the stock moved 1.2 pts more than Nifty Midcap 150 and 1.1 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

SBI Card has partnered with IndiGo, India's largest airline, to launch the 'IndiGo SBI Card' — a co-branded credit card available in two variants: IndiGo SBI Card and IndiGo SBI Card ELITE. Cardholders can earn up to 29,000 bonus IndiGo BluChips annually, with up to 7% rewards on spends within IndiGo's ecosystem and 3% on hotel/travel bookings. The regular card carries an annual fee of ₹1,499 while the ELITE variant is priced at ₹4,999, both available on Mastercard and RuPay platforms. Benefits include welcome bonuses, milestone rewards, domestic and international airport lounge access (ELITE), travel insurance, and fuel surcharge waivers. SBI Card, India's largest pure-play credit card issuer, has over 21 million cards in force, while IndiGo operates 2,200+ daily flights across 90+ domestic and 40+ international destinations.

Likely market impact

This is a positive development for SBI Card as it strengthens its premium co-branded card portfolio with a marquee travel partner, likely driving card acquisitions and boosting travel-category spend. For shareholders, the partnership enhances SBI Card's growth runway in the high-value travel segment, though typical partnership announcements do not have an immediate material impact on financials.