Bank of Maharashtra and SBI Card Join Hands to Launch Co-Branded Credit Card

The Bank of Maharashtra (BoM) and SBI Card have launched a co-branded credit card, “Bank of Maharashtra SBI Card,” designed to provide enhanced value and convenience to customers across the country. The card is available on both RuPay and VISA platforms and will be accepted across millions of merchant outlets globally.

3 Variants for Diverse Customer Needs

The credit card comes in 3 variants: ELITE, PRIME, and SimplySAVE, catering to different customer lifestyles. It offers benefits such as accelerated reward points, fuel surcharge waiver, utility bill payments, discounts on travel, dining, and shopping, as well as contactless payment capabilities for a seamless experience, as per the PTI report.

Official Statements on the Development 

As pr news reports, Nidhu Saxena, Managing Director & CEO, Bank of Maharashtra, said, “The Bank of Maharashtra - SBI Card will allow our customers to access a world-class credit card platform backed by the strong brand equity of both organisations. We are confident that this collaboration will deepen customer engagement and enhance value.”

Salila Pande, MD & CEO, SBI Card, added, “We are constantly exploring strategic collaborations that enhance value for customers and strengthen our portfolio. Launch of the Bank of Maharashtra SBI Card in partnership with Bank of Maharashtra is one more step in this direction.”

Read More: Why Bajaj Finance, SBI Card, and RBL Bank Shares Soared Up to 4%?

SBI Cards Share Price Performance 

As of August 18, 2025, at 9:20 AM, SBI Cards & Payments share price is trading at ₹811.30 per share, reflecting a decline of 0.06% from the previous close price.

Conclusion

The launch of this co-branded credit card represents a strategic partnership between BoM and SBI Card, aiming to strengthen customer engagement while providing a wide array of benefits tailored to evolving customer needs.

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