INDIA MARKET LENS
3 outlets◆ Mixed

SBI Card launches fixed deposit backed Advantage SBI Card on SBI YONO

State Bank of India secured new business.

23 Sept 2026 · Business Standard Mkts, NDTV Profit, Business Today Mkts

SBI Card announced the launch of Advantage SBI Card on SBI YONO, introducing a seamless digital journey that enables customers to avail a secured credit card backed by a fixed deposit.

Against that, the stock is -1.1% on the day at ₹948.10, and has returned -8.7% over three months. It sits 23% below its 52-week high. The banks sector has moved -4.0% over the same period, so State Bank of India is running 4.7 points behind its peers.

For State Bank of India, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.

  • The company directly in focus is SBIN.
  • Sector exposure: Banks.
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