SBI Cards PAT Surges 75% YoY to ₹778 Cr in Q2 FY27

SBI Cards and Payment Services Limited reported a significant 75% year-on-year increase in Profit After Tax (PAT) to ₹778 crore for the second quarter ended September 30, 2026. Total revenue grew by 3% YoY to ₹5,302 crore. The company saw an 8% YoY increase in cards-in-force to 2.32 crore and a 3% YoY growth in spends to ₹110,689 crore. Impairment losses and bad debts decreased by 37%, contributing to the improved profitability. The Gross Non-Performing Assets (NPA) ratio improved to 1.90% from 2.85% a year ago, and Net NPA improved to 0.77% from 1.29%. The Capital Adequacy Ratio (CRAR) stood strong at 26.5%.