SBI Cards and Payment Services Limited has informed the Exchange about Product launch
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SBI Cards and Payment Services Limited has announced the launch of a new co-branded credit card called the 'Flipkart SBI Card' on August 26, 2025. The card falls under the 'Rewards' category and is targeted at the domestic Indian market. The launch was disclosed to the stock exchanges under SEBI's Listing Obligations and Disclosure Requirements (Regulations 30 and 51). No financial details, card features, or revenue expectations have been shared in this filing.
This is a routine co-branded product launch with an existing major e-commerce partner (Flipkart), which may help SBI Cards grow its customer base and spending volumes. The announcement is informational and is unlikely to cause any immediate significant movement in the stock price.