SBI Cards and Payment Services continue to perform well, with shares up 1.2% today, indicating a third straight day of growth in the stock market. This positive trend suggests ongoing investor confidence in the company's financial health.

The rate of credit card spending in FY26 decreased to 11% compared to 15% in the previous year, totaling approximately Rs 23.25 lakh crore. This decline is due to increased regulatory measures and the growing preference for UPI payments. Notably, SBI Card has reduced new card issuance to 8 lakh per quarter, which has resulted in a drop of revolving credit users to 23%. This shift may impact banks' revenue from interest and Merchant Discount Rates (MDR).