SBI Cards posts solid Q2 earnings as digital payments and retail credit surge

SBI Cards reported steady growth for Q2FY26, with revenue rising about 12 percent quarter-on-quarter driven by strong retail credit demand and expanding digital payment volumes. Transaction values grew 15 percent, supported by higher customer acquisitions and merchant penetration in tier-two cities. Profit margins remained resilient despite tighter competition and regulatory scrutiny. Analysts said the company’s focus on data-driven credit models and loyalty partnerships continues to sustain long-term profitability. Management reaffirmed its FY26 guidance, emphasizing operational efficiency and sustained card-spend momentum across key consumer segments.