Bank of Maharashtra and SBI Card Partner to Launch Co-Branded Credit Cards

In a move to expand its retail product offerings and provide enhanced financial solutions, Bank of Maharashtra (BoM) has joined hands with SBI Card to launch a new line of co-branded credit cards. The partnership aims to deliver value-added services to customers by merging the strengths of both institutions—BoM’s vast banking network and SBI Card’s credit card expertise.

Customised Credit Cards with Diverse Benefits

Under this collaboration, BoM customers will gain access to a selection of co-branded credit cards, each equipped with features tailored to their spending habits. These include attractive reward points, cashback offers, fuel surcharge waivers, EMI conversion options, and exclusive discounts across essential categories such as dining, travel, and e-commerce. The cards will cater to varied customer needs while offering both lifestyle and financial advantages.

Strengthening Customer Value Through Trusted Alliances

The co-branded credit cards will be accessible to eligible customers nationwide through both digital platforms and physical branches, ensuring convenience and seamless onboarding. Speaking on the occasion, BoM MD and CEO Nidhu Saxena said, "This co-branded card partnership with SBI Card marks a significant step in enhancing our retail product portfolio and delivering greater value to our customers." He added that it reflects the bank’s commitment to offering modern, convenient, and rewarding financial solutions through trusted alliances.

According to the statement, the partnership aims to enhance customer value by combining the bank's trusted customer relationships with SBI Card's industry-leading digital capabilities and diverse product suite.

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Bank of Maharashtra Share Price Performance 

As of 19 June 2025, 11:14 AM, Bank of Maharashtra share price is trading at ₹53.56 per share, a 1.69% decrease. 

Conclusion

The Bank of Maharashtra–SBI Card partnership signifies a strategic move towards providing innovative, customer-centric financial products. Through this alliance, the institutions seek to deliver enhanced service, convenience, and long-term value to their shared customer base.

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