SBI Card

Gurugram, India

SBI Card provides various credit card services and benefits, including insurance, travel discounts, and rewards programs.

CCI Score

-9.89

-10.05% June 29

Latest Event

SBI Card Revokes Complimentary Air Accident Insurance and Revises Payment Rules

SBI Card announced that from July 15, 2025, it will discontinue its complimentary air accident insurance on several premium and co-branded cards and update its Minimum Amount Due calculation to include additional fees, a change that reduces customer benefits and may increase financial burdens on consumers.

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COLLABORATOR

SBI Card is currently rated as a Collaborator.

-5 to -9 CCI Score

In this category, companies align with authoritarian practices mainly to avoid trouble or regulatory conflict. Their compliance is driven by self-preservation, resulting in minimal resistance even as they participate in oppressive systems.

Latest Events

JUL

15

2025

SBI Card Revokes Complimentary Air Accident Insurance and Revises Payment Rules
-30.00

SBI Card announced that from July 15, 2025, it will discontinue its complimentary air accident insurance on several premium and co-branded cards and update its Minimum Amount Due calculation to include additional fees, a change that reduces customer benefits and may increase financial burdens on consumers.
APR

01

2025

Salila Pande Appointed as New MD & CEO of SBI Cards
0.00

SBI Cards has announced the appointment of Salila Pande as its new Managing Director and Chief Executive Officer for a two-year term, effective April 01, 2025. Pande brings extensive leadership experience from Nomura India and other roles, marking a routine change in executive management.
+0

Executive Political Engagement

June 29

The appointment of Salila Pande reflects a standard corporate leadership change without any evidence of engagement in political or authoritarian practices. There is no indication of policy shifts towards or against fascist or authoritarian tendencies, resulting in a neutral score.

Salila Pande Appointed As New MD & CEO Of SBI Cards
APR

23

2024

Govt-SBI Card Partnership to Combat OTP Fraud
35.53

In a collaborative move to protect consumers from cyber fraud, SBI Card, the Indian government, and telecom operators are developing a geolocation-based solution to alert customers about potential OTP frauds. The initiative aims to detect discrepancies in OTP delivery and customer location to combat phishing and cybercrimes.
+40

Public and Political Behavior

June 29

SBI Card's partnership with government and telecom companies promotes public safety by enhancing consumer protection against cyber fraud. This collaboration demonstrates a commitment to aligning corporate practices with public interest and countering the vulnerabilities exploited by cybercriminals.

Govt teams up with SBI Cards, telcos to combat OTP frauds
+40

Technology and Services Impact

June 29

The initiative leverages advanced technology to cross-verify geolocation data related to OTP delivery, thereby strengthening cybersecurity measures. This proactive use of technology helps reduce fraud and protects vulnerable users, aligning with progressive and anti-authoritarian objectives.

Govt teams up with SBI Cards, telcos to combat OTP frauds
MAR

21

2024

Disclosure of Electoral Bonds by SBI Card
-35.21

SBI Card disclosed details of electoral bonds submitted as part of a regulatory filing on March 21, 2024, as shown in the Election Commission of India's disclosure. This filing details various segments of electoral bonds including redemption, purchase, and parts I and II from digitised records of the Supreme Court Registry.
-40

Political Contributions and Lobbying Efforts

June 29

The disclosure of electoral bonds, while a regulatory requirement, highlights SBI Card’s involvement in the opaque electoral funding system. Electoral bonds have been widely criticized for facilitating non-transparent political donations that can indirectly support authoritarian political practices. In this instance, the submission raises concerns on the firm’s support of a controversial political financing mechanism, potentially undermining democratic norms.

Disclosure of Electoral Bonds