SBI Cards and Payment Services Limited has informed the Exchange about Product launch
SBICARD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SBI Cards has launched a new co-branded credit card called 'Apollo SBI Card SELECT' on May 15, 2025. The card falls under the 'Rewards' category and is targeted at the domestic Indian market. The disclosure was made under SEBI Listing Regulations 30 and 51, which is a standard requirement for material corporate events. Apollo likely refers to Apollo Hospitals, suggesting this is a healthcare-sector co-branded partnership aimed at rewarding customers for medical and everyday spending.
This is a routine product launch that modestly expands SBI Cards' portfolio and its co-branded partnerships. It may help drive incremental card acquisitions and spending, but is unlikely to have a material impact on the stock price on its own.