What was filed
SBI Cards and Payment Services Limited reported unaudited standalone results for the quarter ended 30 June 2026, approved by the Board on 24 July 2026. The joint statutory auditors, M/s. V.K. Dhingra & Co. and M/s. S.P. Chopra & Co., issued a limited review report with an unmodified conclusion. The company is a Non-Banking Financial Company registered with the RBI, categorised as NBFC-Middle Layer, and — as a group entity of State Bank of India — complies with NBFC-Upper Layer regulations.
The quarter in the numbers
Revenue from operations and total income both rose year-on-year, per the filing, while profit after tax was above the June 2025 quarter and the March 2026 quarter. The figures are set out in the key-numbers panel. Asset quality improved: gross NPA (stage 3) stood at 2.04% and net NPA (stage 3) at 0.83% as of 30 June 2026, against 2.41% and 1.04% respectively at 31 March 2026.
Two disclosed adjustments
The company flagged two items affecting the quarter. It reviewed its Expected Credit Loss model and revised the methodology for Loss Given Default, Credit Conversion Factor and ECL discounting; it also continues to carry ₹70 crore over and above the approved ECL model provision, citing the continuing geo-political situation. Separately, following the government's notification of the New Labour Codes, it recognised an estimated increase in provision for employee benefits for past services of about ₹27 crore under employee benefit expenses in the quarter. The auditors added an Emphasis of Matter drawing attention to the ₹70 crore provision, without modifying their conclusion.