SBI Card Risk Report

⚖️ Legal & Regulatory

SBI Card is currently facing several legal and regulatory challenges that could have significant financial implications. The most notable of these concerns involve a show cause notice related to input tax credit claims which may expose the company to substantial penalties. These developments highlight potential regulatory compliance risks that the company needs to address.

• SBI Cards received a GST show cause notice concerning input tax credit claims worth ₹81.93 crore 🗓 2025-07-01.
• Regulatory penalties could be imposed as a result of claims deemed non-compliant by tax authorities.

🏗️ Operational & Business Continuity

Operational and business continuity risks for SBI Card relate to changes in payment and insurance benefits which could affect customer trust and cardholder retention. The organization has announced key changes effective from mid-July, which might demand operational adjustments to maintain customer satisfaction.

• SBI Cards will withdraw complimentary air accident insurance on select cards 🗓 2025-06-20.
• New rules for cardholders include higher minimum due amounts and revised settlement terms 🗓 2025-07-15.
• Customer notifications and process adjustments will be critical to smooth transitions amid these changes.

📜 Innovation & R&D

SBI Card continues to focus on innovation to maintain competitiveness in the financial services sector. They have been active in launching co-branded credit cards that offer unique benefits, tapping into partnerships for value-added services.

• SBI Card and Apollo HealthCo have launched a co-branded credit card offering health-focused benefits 🗓 2025-05-15.