17 Apr 2025

SBI Cards Launches 'Tata Neu SBI Card'; Stock Hits 52-Week High at RS. 893.30

SBI Cards and Payment Services is currently trading at RS. 890.70, up by 2.25 points or 0.25% from its previous close of RS. 888.45 on the BSE.

The stock opened at RS. 888.45 and recorded a high of RS. 893.30 and a low of RS. 882.65 so far. A total of 7948 shares have been traded on the counter.

This BSE group 'A' stock with a face value of RS. 10 touched its 52-week high of RS. 893.30 on April 17, 2025, and a 52-week low of RS. 649.00 on June 4, 2024. Over the past week, the stock has seen a high of RS. 893.30 and a low of RS. 847.35. The company’s current market capitalization stands at RS. 84480.50 crore.

Promoters hold 68.60% stake in the company, while institutional investors hold 25.99% and non-institutional investors hold 5.41%.

In a significant product launch, SBI Cards has introduced the ‘Tata Neu SBI Card’ in collaboration with Tata Digital. This premium co-branded lifestyle credit card is designed to offer a rewarding shopping experience through two variants — Tata Neu Infinity SBI Card and Tata Neu Plus SBI Card.

Cardholders earn NeuCoins as rewards on all purchases — both online and in-store — across domestic and international merchants. Tata Neu Infinity SBI Card users can earn up to 10% in NeuCoins, while Tata Neu Plus SBI Card users can get up to 7%. These NeuCoins are credited monthly to the user’s NeuPass account and can be redeemed via the Tata Neu app across a variety of services including grocery, travel, jewelry, electronics, fashion, and pharmacy.

Additionally, the card offers up to 1.5% back on UPI transactions (Rupay variant) and up to 5% on bill payments made via the Tata Neu platform. Interested customers can apply digitally through SBI Card SPRINT or offline at SBI Card kiosks in select Croma stores.

SBI Cards and Payment Services remains a key player in India’s payment solutions space, continuously innovating to enhance customer value.