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<ul><li><keyword id="116253" type="General" weightage="20" keywordseo="sbi-cards" source="Orion">SBI Cards</keyword> is the second largest issuer of <keyword id="12065182" type="General" weightage="20" keywordseo="credit-cards-in-india" source="Orion">credit cards in India</keyword>.</li><li>As of July 2021, every fifth credit card issued in India was by SBI Cards.</li><li>With the company’s credit card business bouncing back, find out what analysts have to say.</li></ul>SBI Cards share price fell by over 4% on Tuesday (September 21) after US-based private equity firm, The Carlyle Group offloaded a 3.4% stake in the company, mopping up approximately ₹3,267 crore from the markets. The slump in SBI Cards’ share price today is on expected lines, since Carlyle Group’s price band was ₹1,021-1,072. Shares were trading around ₹1,025 as of 11:00 a.m., on September 21. <div type="image" title="SBI Cards 01_08_21 to 21_09_21." msid="86390687" hostid="261" caption="&amp;lt;p&amp;gt;SBI Cards share price since August&amp;lt;/p&amp;gt;"></div> The Carlyle Group held a 15.89% stake in SBI Cards when the company listed on the Indian stock exchanges in March 2020. Since then, it has pared its stake multiple times, and with the most recent sale, its holding is down to 3.14%. However, for existing investors in the company, there’s good news on the horizon. Analysts at Edelweiss are bullish on the company and its future prospects. “We view SBI Cards as a concept stock offering high-growth and high-returns by the only listed player of its kind for a foreseeable future. It would thus sustainably command a premium accorded to few Indian stocks,” stated an Edelweiss report dated September 15. It's not just the analysts at Edelweiss who are bullish on the company. Here are a few brokerage recommendations for SBI Cards: <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Brokerage </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Recommendation </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Target price </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Upside </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Edelweiss </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:top;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Buy </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹1,350 </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">32% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">ICICI Direct </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Buy </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹1,200 </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">17% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Motilal Oswal </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Buy </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹1,200 </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">17% </td></tr></tbody></table> <cmsannotation type="cmsannotation" annotationid="Credit card business is bouncing back" comment="subhead" text="Credit card business is bouncing back">Credit card business is bouncing back</cmsannotation> SBI Cards posted a strong comeback in the June quarter, reporting a sharp jump in earnings and lower provision for bad debts. Here’s a quick look at some of the key metrics of SBI Cards’ financial performance: <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Jun-21 </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Mar-21 </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Jun-20 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Net interest income </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹924 cr </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹828 cr </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹1,138 cr </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Net profit </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹3,046 cr </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹1754 cr </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹3,933 cr </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Net NPA </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">0.9% </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">1.2% </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">0.4% </td></tr></tbody></table>Source: Company reports While its performance is still not back to the levels of the previous year, SBI Cards has posted a substantial improvement across all the three metrics compared to the previous quarter. Analysts at Motilal Oswal predict that it’s only going to get much better from here onwards. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">FY22 (est.) </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Net interest income </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹4,006 cr </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹3,884 cr </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Net profit </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹1,664 cr </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹985 cr </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Net NPA </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">1% </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">1.2% </td></tr></tbody></table>Source: Motilal Oswal Given that SBI Cards is the second largest credit card issuer in the country, it bodes well for both the company as well as its shareholders. <div type="image" title="Credit Card market share July 2021." msid="86390698" hostid="261" caption="&amp;lt;p&amp;gt;Credit Card market share in July 2021&amp;lt;/p&amp;gt;"></div> “Spends have started showing a gradual improvement from Jun’21. The same is likely to rise further, as economic activity picks up and restrictions ease,” stated a Motilal Oswal report dated July 24. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/collapse-of-evergrande-may-haunt-tata-steel-jspl-nalco-and-other-metal-stocks/articleshow/86387294.cms">The collapse of Evergrande, one of China’s largest home developers, is “not a Lehman moment” but the fear may haunt steel and metal stocks in India</a> <a href="https://www.businessinsider.in/stock-market/news/sbi-cards-adani-ports-hcl-tech-and-other-top-stocks-to-watch-out-for-on-september-21/articleshow/86386406.cms">SBI Cards, Adani Ports, HCL Tech and other top stocks to watch out for on September 21</a> <a href="https://www.businessinsider.in/business/corporates/news/how-mukesh-ambani-owned-reliance-industries-crossed-the-15-lakh-crore-market-capitalisation/articleshow/85896448.cms">All the things that drove Reliance Industries’ shares to a 11-month high and over the coveted ₹15 lakh crore mark</a>

SBI Cards is down as Carlyle dumps shares but the credit cards business is bouncing back

A Delhi consumer forum has directed the <keyword id="13222" type="General" weightage="20" keywordseo="sbi" source="Orion">SBI</keyword> Cards &amp; Payments Services Pvt. Ltd. to pay Rs 2 lakh to a person here for sending him bill even after his card's expiry and blacklisting him for non-payment of the charges. The New Delhi District Consumer Disputes Redressal Forum comprising its president Monika A Srivastava and members Kiran Kausal and Umesh Kumar Tyagi directed the company to pay the amount to M J Anthony, a former journalist, for "deficiency in providing services". The forum noted that the company had blacklisted him in the CIBIL system of the wilful defaulters maintained by the RBI, which resulted in the rejection of his applications for credit cards from another bank where he had maintained regular account for nearly two decades. "This Commission is of the view that the SBI Cards &amp; Payments Services Pvt. Ltd. has been deficient in providing services to the complainant and though the damage/loss occasioned to the complainant in terms of credit rating cannot be measured in terms of money yet punitive damage ought to be awarded against OP (opposite party) therefore, OP is directed to compensate the complainant by paying a sum of Rs 2 lakh as compensation within two months from the date of this order failing which the sum payable would be Rs 3 lakh," the forum said. The forum passed the order on May 20 on Anthony's complaint seeking compensation, claiming that he had requested the company to cancel his card in April 2016 much before its expiry and not to renew it. He did not use the card for any transaction after April 9, 2016 and had destroyed the card according to rules, he said, adding that no payment was due at that time on the card. In September, the complainant received a letter from the company about the cancellation of his card, however, the company continued to send bills relating to the card ignoring his protest e-mails, he said. The bills were to the tune of Rs 2,946 by May 18, 2017 inclusive of late payment charges and penalty, he said. He stated that in the same letter, the company had warned him to pay the bill otherwise it would "have adverse impact on the credit history as maintained by the credit Bureau and may hamper future credit requirement". The company further blacklisted him in the CIBIL system of the wilful defaulters maintained by RBI and he had trouble in getting loans or credit card. During the argument, the company had denied the allegations. SEE ALSO:<a href="https://www.businessinsider.in/personal-finance/news/how-some-companies-are-helping-habitual-borrowers-consolidate-their-loans/articleshow/100494588.cms" target="_blank"></a> <a href="https://www.businessinsider.in/personal-finance/news/how-some-companies-are-helping-habitual-borrowers-consolidate-their-loans/articleshow/100494588.cms" target="_blank">Neck deep in debt? Here’s how some companies are helping habitual borrowers consolidate their loans</a><a href="https://www.businessinsider.in/india/news/indians-want-to-spend-the-2000-note-but-it-doesnt-look-easy/articleshow/100496839.cms" target="_blank"></a> <a href="https://www.businessinsider.in/india/news/indians-want-to-spend-the-2000-note-but-it-doesnt-look-easy/articleshow/100496839.cms" target="_blank">Indians want to spend the ₹2,000 note but it doesn’t look easy</a> <a href="https://www.businessinsider.in/careers/news/highest-number-of-entry-level-jobs-and-salary-in-bengaluru-as-per-foundit-report/articleshow/100499355.cms" target="_blank"></a> <a href="https://www.businessinsider.in/careers/news/highest-number-of-entry-level-jobs-and-salary-in-bengaluru-as-per-foundit-report/articleshow/100499355.cms" target="_blank">Maximum City: Highest number of entry level jobs In Bengaluru &amp; it pays freshers more than other metros</a>

SBI penalised for sending bills to man despite credit card's expiry

Now, no more forgetting that debit/credit card at the teller machine or checking twice and thrice before leaving a shopping mall in case we left the card at the billing counters! Here’s introducing the contactless debit and credit cards that come with a fraud cover of Rs 1 lakh, by the State Bank of India. 
 The <keyword id="2581731" type="UNKNOWN" weightage="20" keywordseo="contactless-cards">contactless cards</keyword> uses near field technology (NFC) that enables users to make payments by waiving or tapping the card near the contactless reader instead of swiping or dipping it. 
 
"The NFC technology makes the contactless cards very secure as the card never leaves your hand thereby reducing the <a href="http://economictimes.indiatimes.com/definition/risk" target="_blank">risk</a> of card loss and fraud. The customers can tap or wave the card at the POS machine enter the pin and complete the transaction to pay at busy locations," said bank said in a statement to media. 
 
To add to its merits, the card will come with emergency replacement facility anywhere in the world. 
 
"We will tie-up with campus, hospitals and corporate for card," said <a href="http://economictimes.indiatimes.com/topic/SBI" target="_blank">SBI</a> chairman <a href="http://economictimes.indiatimes.com/topic/Arundhati-Bhattacharya" target="_blank">Arundhati Bhattacharya</a> speaking to media while launching sbiINTOUCH card at Starbucks, as per a report in the Economic Times. She was optimistic that once RBI gets comfortable with NFC technology it would increase the minimum limit from Rs 2,000. The bank has tied up with Shoppers Stop, Reliance Retail, <a href="http://economictimes.indiatimes.com/topic/Big-Bazaar" target="_blank">Big Bazaar</a> and Starbucks. 
 The country's largest bank, <keyword id="13222" type="CITY" weightage="20" keywordseo="SBI">SBI</keyword>, will upgrade all its existing 2.20 lakh point of sale (PoS) machines to <a href="http://economictimes.indiatimes.com/topic/NFC" target="_blank">NFC</a> technology. The bank currently has 5,000 NFC enabled machines and it plans to launch 10,000 new PoS which will accept contactless cards. 
 SBI is the country's largest issue of <keyword id="6356475" type="UNKNOWN" weightage="20" keywordseo="debit-card">debit card</keyword> and the third largest issuer of <keyword id="6368202" type="ORGANIZATION" weightage="20" keywordseo="Credit-card">credit card</keyword> after <a href="http://economictimes.indiatimes.com/hdfc-bank-ltd/stocks/companyid-9195.cms" target="_blank">HDFC Bank</a> and <a href="http://economictimes.indiatimes.com/icici-bank-ltd/stocks/companyid-9194.cms" target="_blank">ICICI Bank</a>. As on December 2014, SBI has issued as many as 14.7 crore debit cards and 30 lakh credit cards. 
 
(Image credits: thinkstock)

SBI is ensuring you won’t ever bother again about forgetting your debit card in the ATM machine

<ul><li>The shares of India’s second largest credit card issuer are down by over 33% since listing. </li><li>There is growing fear of default by those with credit card debt in India as coronavirus lockdown has brought business to a standstill and threatens large-scale unemployment. </li><li>However, it is backed by the country’s largest bank, which is owned by the government. </li><li>There is headroom for long-term growth as there are only 4 credit cards for every 100 persons in India. </li></ul>The over 15% fall in SBI Cards and Payments Services share price on Monday (April 13) has taken the stock to ₹505⁠— over 33% below the issue price of ₹755 a piece. Essentially, ₹10,000 invested in SBI Cards during the IPO is worth ₹6,700 now⁠, about a month after it got listed in the stock markets. The lockdown to contain the spread of Covid-19 novel coronavirus has brought business to a standstill and <a href="https://www.businessinsider.in/careers/news/over-136-million-jobs-are-at-risk-due-to-corona-lockdown-here-are-the-worst-hit-sectors/articleshow/74941658.cms" data-type="tilCustomLink" target="_blank">threatens large-scale unemployment</a>. Investors fear that this may lead to defaults by credit card owners and therefore, SBI Cards, India’s second largest credit card issuer is being dumped in the stock market. <div type="Article" hostid="261" msid="74907443" title="Top Indian banks with the biggest chunks of loans to individual borrowers⁠— and coronavirus has triggered a huge risk" mstype="2" mssubtype="0"></div> <div type="image" title="sbi cards" msid="75126478" hostid="261" caption="&amp;lt;p&amp;gt;SBI Cards share price has lost 33% of its value since its listing last month.&amp;lt;/p&amp;gt;"></div> Just about a month ago, before the coronavirus pandemic engulfed the world, the prospects seemed very robust for SBI Cards. And that was one of the reasons why some of the biggest mutual fund houses bet big money on the company in March 2020. <table style="width: 270pt;"> </colgroup> <tbody><tr> <td class="xl65" style="height:15.0pt;width:154pt">Mutual Fund House</td> <td class="xl66" style="border-left-width: initial; border-left-style: none; width: 116pt;">Investment in SBI Cards in March 2020</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Aditya Birla Sunlife</td> <td class="xl68" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;"> ₹134 crore</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Axis </td> <td class="xl68" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;"> ₹161 crore</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Edelweiss</td> <td class="xl69" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹44 crore</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">HDFC</td> <td class="xl69" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹666 crore</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Kotak</td> <td class="xl69" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹169 crore</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Mirae</td> <td class="xl69" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹117 crore</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">Tata</td> <td class="xl69" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹81 crorre</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">LIC</td> <td class="xl69" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹57 crore</td> </tr> <tr> <td class="xl67" style="height: 15pt; border-top-width: initial; border-top-style: none;">DSP </td> <td class="xl69" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹25 crore</td> </tr> <tr> <td class="xl70" style="height: 15.75pt; border-top-width: initial; border-top-style: none;">IDFC</td> <td class="xl71" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">₹17 crore</td> </tr></tbody></table>*Source: Edelweiss Firsty, it is backed by the country’s largest bank, which is owned by the government. Secondly, there is a huge headroom for long-term growth as there are only 4 credit cards for every 100 persons in India. That’s an abysmally low and the penetration level can only go up from here. <div type="image" title="credit card penetration in india (1)." msid="75126551" hostid="261" caption="&amp;lt;p&amp;gt;There is a huge headroom for long-term growth as there are only 4 credit cards for every 100 persons in India. &amp;lt;/p&amp;gt;"></div> It is expected that the total credit card spend in india would exceed ₹15 lakh crore (over $200 billion) in the next five years. And SBI Cards can corner a huge chunk of this market waiting to explode. <div type="Article" hostid="261" msid="74656454" title="SBI Cards lists on the worst possible day and its stock slips 13% on debut" mstype="2" mssubtype="0"></div> Competition India’s credit card market is controlled by four companies⁠— HDFC Bank, SBI Cards, ICICI Bank, and Axis Bank in the descending order of market share⁠— who together control two-thirds of all credit card debt. <div type="image" title="india credit card market share (1)." msid="75126578" hostid="261" caption="&amp;lt;p&amp;gt;SBI Cards is India&amp;#39;s second largest credit card issuer after HDFC Bank.&amp;lt;/p&amp;gt;"></div> Policies enabling credit card usage The Narendra Modi government has been in favour of non-cash transactions and that is a big advantage for companies like SBI Cards. “Specially e-commerce industry has helped the growth of credit card usage and spending in India which is expected to grow in near future will boost the growth of credit cards as well,” a report from KR Choksey Securities explained. <div type="image" title="digital payments." msid="75126590" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;span&amp;gt;&amp;lt;/span&amp;gt;&amp;lt;span&amp;gt;The Indian government has been in favour of non-cash transactions and that is a big advantage for companies like SBI Cards. &amp;lt;/span&amp;gt;&amp;lt;/p&amp;gt;"></div> SEE ALSO: <a href="https://www.businessinsider.in/business/news/country-sees-101-ipos-in-mar-quarter-median-deal-size-just-usd-1-mn/articleshow/74830032.cms" data-type="tilCustomLink" target="_blank">India sees 10 IPOs between Jan and March 2020</a> <a href="https://www.businessinsider.in/finance/news/how-to-avail-three-month-moratorium-for-sbi-emi-and-credit-cards/articleshow/74945199.cms" data-type="tilCustomLink" target="_blank">How to avail three-month moratorium for SBI EMI and credit cards</a> <a href="https://www.businessinsider.in/finance/news/how-to-register-online-for-sbi-internet-banking-using-atm-card/articleshow/75004937.cms" data-type="tilCustomLink" target="_blank">How to register online for SBI internet banking using ATM card</a>

₹10,000 invested in SBI Cards during IPO is worth about ₹6,700 now⁠— here’s why

<ul><li>Fab Phones Fest is live on <keyword id="18635" type="General" weightage="20" keywordseo="amazon" source="Orion">Amazon</keyword> from 10-14 April.</li><li>Avail 40% discount on top-selling mobile phones and accessories.</li><li>Get 10-5% discount on selected bank cards.</li></ul><keyword id="7391919" type="General" weightage="20" keywordseo="amazon-fab-phones-fest" source="Orion">Amazon Fab Phones Fest</keyword> 2022 is live from 10 April to 14 April. During the sale, you can get up to 40% of discount on smartphones and accessories. Additionally, the phones will also be given a no-cost EMI and exchange offer. Along with this, Amazon is also giving an additional 10% discount on SBI credit cards and a 5% discount on HSBC bank cards. Amazon is also offering discounts on power banks and handpicked headsets. For example, up to 70% off on Realme power banks and up to 70% off on OnePlus and Samsung headsets. If you’re looking to upgrade your old smartphone then Amazon Fab Phones Fest 2022 is worth consideration. Scroll through our handpicked list of smartphones listed below. Amazon Fab Phones Fest 2022 — best offers on mid-range smartphones Redmi Note 11 Redmi Note 11 is being sold for ₹12,999 instead of ₹17,999. If you buy this smartphone in exchange you can get off up to ₹11,750. In addition, a 10% discount is available on the SBI Credit card and 5% off on the HSBC bank card. <cmsannotation type="cmsannotation" annotationid="B09QSBXK96" comment="amazoncard" text="B09QSBXK96">B09QSBXK96</cmsannotation> Xiaomi 11 Lite NE 5G The 6 GB RAM and 128 GB storage variant of the Xiaomi 11 Lite NE 5G can be purchased for ₹26,999. Also, the company is offering a flat ₹4250 Instant Discount on SBI Credit Card and a 10% discount on SBI credit card. If you are a prime member you will get a 6-month free screen replacement. <cmsannotation type="cmsannotation" annotationid="B09G38DT4B" comment="amazoncard" text="B09G38DT4B">B09G38DT4B</cmsannotation> realme narzo 50A The realme narzo 50A is available at an 11% of discount. You can buy this phone for ₹12,499. In addition, Amazon is giving a 10% discount on SBI credit cards and SBI EMI card. <cmsannotation type="cmsannotation" annotationid="B09FKD67CS" comment="amazoncard" text="B09FKD67CS">B09FKD67CS</cmsannotation> OPPO A15s The 4 GB RAM and 64 GB storage variant is sold for ₹12,990 during Amazon Fab Phones Fest Sale 2022. If you are an SBI credit card user then you can avail extra 10% discount. <cmsannotation type="cmsannotation" annotationid="B08LRDT7PL" comment="amazoncard" text="B08LRDT7PL">B08LRDT7PL</cmsannotation> iQOO Z6 5G During the sale, it is available at a 19% of discount costing you ₹16,999. This smartphone has powerful specs making it a great pick during the fest sale. If you own a credit card from Bank of Baroda, Citibank, HDFC bank, or HSBC bank then you can avail no-cost emi. <cmsannotation type="cmsannotation" annotationid="B07WGMMQGP" comment="amazoncard" text="B07WGMMQGP">B07WGMMQGP</cmsannotation> Samsung Galaxy M32 5G Samsung Galaxy M32 5G is available at a 29% discount during Amazon Fab Phones Fest Sale 2022. You can get this smartphone for ₹16,999 during the sale. It is available in sky blue and slate black colour. <cmsannotation type="cmsannotation" annotationid="B09CGJK2HG" comment="amazoncard" text="B09CGJK2HG">B09CGJK2HG</cmsannotation> OPPO A31 The OPPO A31 is listed at a 19% of discount along with an additional 10% discount with SBI credit card. You can buy it for ₹12,989 with no-cost EMI and other exchange offers. <cmsannotation type="cmsannotation" annotationid="B08444SXZ6" comment="amazoncard" text="B08444SXZ6">B08444SXZ6</cmsannotation> Redmi 10 Prime The 4GB RAM and 64GB storage variant is available at 17% of discount. It is sold for ₹12,499.00 and if you own SBI credit card then you can get an extra 10% discount. <cmsannotation type="cmsannotation" annotationid="B09CTYGJSD" comment="amazoncard" text="B09CTYGJSD">B09CTYGJSD</cmsannotation> Vivo Y33T The Y33T is being sold at ₹18,990 making it an ideal pick during Amazon Fab Phones Fest. No-cost emi is also available on selected bank cards and an additional 10% discount on SBI credit card. <cmsannotation type="cmsannotation" annotationid="B08444SXZ6" comment="amazoncard" text="B08444SXZ6">B08444SXZ6</cmsannotation> SEE ALSO: <a href="https://www.businessinsider.in/tech/enterprise/news/meta-is-testing-tools-for-selling-digital-assets-and-experiences-on-its-virtual-reality-platform-horizon-worlds/articleshow/90793146.cms">Meta to test money-making tools for its virtual reality platform Horizon Worlds</a> <a href="https://www.businessinsider.in/tech/news/whatsapp-likely-to-roll-out-new-drawing-tools-and-media-visibility-features/articleshow/90793240.cms">WhatsApp likely to roll out new drawing tools and media visibility features</a>

Amazon Fab Phones Fest 2022: best offers on mid-range smartphones

<ul><li>Amazon’s Great Freedom Festival Sale 2022 is live now.</li><li>The sale event will bring big discounts on smart TVs, smartphones, laptops, electronics, and more.</li><li>The E-commerce giant has teamed up with SBI to offer credit card holders an extra 10% discount.</li><li>Below, check out the best deals on smart TVs.</li></ul>Amazon’s Great Freedom Festival Sale 2022 is live now, exclusively for Prime members. The e-commerce giant is offering a bunch of deals and discounts on smartphones, laptops, electronics, smart watches, smart devices, home appliances, and more. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Our top picks </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><a href="https://www.businessinsider.in/tech/news/best-amazon-great-freedom-festival-deals-on-laptops-from-asus-msi-lenovo-dell-and-more/articleshow/93368479.cms">Best deals on laptops</a> </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><a href="https://www.businessinsider.in/tech/article/best-deals-on-gaming-accessories-like-monitors-keyboards-headphones-and-more/articleshow/93059149.cms">Best deals on gaming accessories</a> </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><a href="https://www.businessinsider.in/tech/news/best-amazon-sale-deals-on-kitchen-products/articleshow/93059833.cms">Best deals on kitchen products</a> </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><a href="https://www.businessinsider.in/tech/news/amazon-great-freedom-festival-sale-2022-best-deals-on-high-end-headphones/articleshow/93367376.cms">Best deals on premium headphones</a> </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><a href="https://www.businessinsider.in/tech/news/amazon-sale-best-deals-on-apple-products-iphone-ipad-airpods-pro/articleshow/93369286.cms">Best deals on Apple products</a> </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><a href="https://www.businessinsider.in/tech/news/amazon-great-freedom-festival-sale-2022-deals-on-mobile-phones-and-tablets/articleshow/93384542.cms">Best deals on mobiles and tablets</a> </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><a href="https://www.businessinsider.in/business/ecommerce/news/amazon-sale-best-deals-on-smart-led-tv-television/articleshow/93059258.cms">Best deals on TVs</a> </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><a href="https://www.businessinsider.in/tech/news/best-amazon-great-freedom-festival-deals-and-offers-on-speakers-headphones-soundbars-and-more/articleshow/93384828.cms">Best deals on audio products</a> </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><a href="https://www.businessinsider.in/tech/news/best-deals-on-fitness-products-gym-equipment-fitness-trackers-treadmill-and-more/articleshow/93385296.cms">Best deals on fitness products</a> </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><a href="https://www.businessinsider.in/tech/news/best-amazon-deals-on-large-appliances-ac-tv-fridge-washing-machine-dishwasher/articleshow/93370532.cms">Best deals on home appliances</a> </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><a href="https://www.businessinsider.in/business/ecommerce/news/best-deals-and-offers-on-smartwatches-smart-bands-and-other-wearable-devices/articleshow/93059424.cms">Best deals on smartwatches and smart bands</a> </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><a href="https://www.businessinsider.in/news/best-deals-on-furniture-on-amazon/articleshow/93376508.cms">Best deals on furniture</a> </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><a href="https://www.businessinsider.in/news/best-deals-on-fashion-and-beauty-amazon-sale/articleshow/93375317.cms">Best deals on fashion and beauty products</a> </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><a href="https://www.businessinsider.in/tech/news/check-out-best-deals-on-smart-led-tvs-in-amazon-festival-sale-2022/articleshow/93363340.cms">Best early access deals on smart TVs</a> </td></tr></tbody><tbody></tbody><tbody></tbody></table> If you missed Amazon’s Prime Day Sale last month, the Great Freedom Festival sale 2022 is a great opportunity to grab great deals on smart TVs from brands like Samsung, Xiaomi, Redmi, Sony, LG, OnePlus, Sony, and more. Also, the e-commerce giant has partnered with SBI bank to offer an additional 10% discount to credit card holders. <div type="Article" hostid="261" msid="77592799" title="Best LED TV in India for 2022" mstype="2" mssubtype="0"></div> <cmsannotation type="cmsannotation" annotationid="Exclusive access to Prime members" comment="subhead" text="Exclusive access to Prime members">Exclusive access to Prime members</cmsannotation> To take advantage of the Great Freedom Festival Sale 2022, you need an Amazon Prime subscription. The service costs ₹179 a month and ₹1499 a year, and new members can get a 30-day free trial. <cmsannotation type="cmsannotation" annotationid="Deals on smart TVs" comment="subhead" text="Deals on smart TVs">Deals on smart TVs</cmsannotation> <cmsannotation type="cmsannotation" annotationid="Redmi Android 11 Series smart TV" comment="subhead" text="Redmi Android 11 Series smart TV">Redmi Android 11 Series smart TV</cmsannotation> During the Great Freedom Festival Sale 2022, you can grab this smart TV for just ₹12,999, originally down from ₹24,999. The e-commerce giant is offering an additional 1000 off on using an SBI bank credit card. Besides this, buyers can get a 10% instant discount on SBI credit card EMI transactions. Further, you can save an additional ₹2,060 on exchange. <cmsannotation type="cmsannotation" annotationid="B09F9YQQ7B" comment="amazoncard" text="B09F9YQQ7B">B09F9YQQ7B</cmsannotation> <div type="Article" hostid="261" msid="83200402" title="Best 55-inch 4K LED TVs in India" mstype="2" mssubtype="0"></div> <cmsannotation type="cmsannotation" annotationid="Samsung Wondertainment Series LED Smart TV" comment="subhead" text="Samsung Wondertainment Series LED Smart TV">Samsung Wondertainment Series LED Smart TV </cmsannotation> During the Freedom sale, you can buy the Samsung Wondertainment series smart TV only for ₹14,989, originally priced for ₹22,900. It features a 32- inch display with a maximum refresh rate of 60Hz, 2 HDMI ports, 1 HDMI port, and other smart TV features such as personal computer, screen share, music system, content guide, and connect share movie. <cmsannotation type="cmsannotation" annotationid="B09F6S8BT6" comment="amazoncard" text="B09F6S8BT6">B09F6S8BT6</cmsannotation> <cmsannotation type="cmsannotation" annotationid="Sony Bravia smart TV" comment="subhead" text="Sony Bravia smart TV">Sony Bravia smart TV</cmsannotation> This 43- inch smart TV is listed for just ₹47,990, originally priced for ₹69,900. If you are looking for a smart TV from a premium brand, your search can end here. It features 178 degree-wide viewing angle, multiple connectivity options, and supports OTT apps such as Netflix, Amazon Prime Video, SonyLiv, and more. Also, you can save an additional 10% on this TV by using an SBI credit card. <cmsannotation type="cmsannotation" annotationid="B09WN2CVMY" comment="amazoncard" text="B09WN2CVMY">B09WN2CVMY</cmsannotation> <div type="Article" hostid="261" msid="83709343" title="Premium smart TVs with best picture quality in India for 2022" mstype="2" mssubtype="0"></div> <cmsannotation type="cmsannotation" annotationid="LG 4K Ultra HD Smart LED TV" comment="subhead" text="LG 4K Ultra HD Smart LED TV">LG 4K Ultra HD Smart LED TV</cmsannotation> Listed for ₹30,990, this smart LED TV is worth considering. If you are an SBI credit card holder, you can save 10% more when buying on EMI. Alternatively, you can swap it with your old TV and save up to ₹3,760. This smart TV features a 43- inch 4K ultra HD display with a maximum refresh rate of 60Hz and other smart TV features such as Game Optimizer and Dashboard and unlimited OTT apps. <cmsannotation type="cmsannotation" annotationid="B0B3XY5YT4" comment="amazoncard" text="B0B3XY5YT4">B0B3XY5YT4</cmsannotation> <cmsannotation type="cmsannotation" annotationid="OnePlus Y Series Smart Android TV" comment="subhead" text="OnePlus Y Series Smart Android TV">OnePlus Y Series Smart Android TV</cmsannotation> Currently, you can buy this smart TV at a surprisingly low price of ₹13,499. By using an SBI credit card you can get an instant discount of 10%. Also, you can buy it on no-cost EMI by using Bajaj Finserv EMI Card, Amazon Pay ICICI credit card, American Express credit card, Axis Bank credit card, HDFC bank credit card, and more. <cmsannotation type="cmsannotation" annotationid="B08B42LWKN" comment="amazoncard" text="B08B42LWKN">B08B42LWKN</cmsannotation> <div type="Article" hostid="261" msid="83869891" title="Best smart TV under ₹50,000 in India" mstype="2" mssubtype="0"></div> SEE ALSO: <a href="https://www.businessinsider.in/tech/news/amazon-great-freedom-festival-date-announced-sale-starts-august-6-onwards/articleshow/93268050.cms">Amazon Great Freedom Festival date announced - sale starts August 6 onwards</a> <a href="https://www.businessinsider.in/tech-buying-guides/best-4k-tvs-under-40000-in-india/articleshow/84668319.cms">Best 4K TVs under ₹40,000 in India for 2022</a>

You Searched For "sbi credit card" and got 6 results

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