SBI Cards Offloads Bad Loans Worth ₹1,800 Crore to Integro Finserv

SBI Cards and Payment Services has sold a pool of stressed credit card receivables worth about ₹1,800 crore to Integro Finserv, according to The Economic Times report.  

The transaction is among the larger disposals of bad loans by the company in the past 4 years. An earlier sale of ₹200 crore was undertaken in 2022. 

Retail NPA Sales Gather Pace 

Banks have increased the pace of retail non-performing asset sales in recent months. By December 2025, such transactions rose to ₹24,814 crore from ₹9,093 crore in September. The rise indicates an effort to remove stressed assets from balance sheets.  

Estimated recovery levels remain low, at around 15% for these portfolios. 

Asset Quality Shows Pressure 

SBI Cards reported a rise in delinquencies over the past year. Gross NPAs stood at 3.08% as of 31 March 2025, compared with 2.76% a year earlier.  

Net NPAs increased to 1.46% from 0.99% in March 2024. The changes reflect stress within unsecured lending, including credit cards. 

Scale of Operations 

The company manages a receivables book of around ₹60,000 crore. It has more than 20 million cards in force and an estimated market share of 18%.  

This places it among the larger credit card issuers in India. The business contributes to earnings within the wider State Bank of India group. 

Buyer and Recovery Model 

Integro Finserv, set up in 2019 by KP Sreejith, operates in the distressed retail asset segment. It manages assets worth ₹5,256 crore across over 4.67 lakh accounts.  

The firm acquires bad loans, pursues legal recovery and undertakes re-lending through a network of more than 400 legal professionals. 

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SBI Cards and Payment Services Share Price Performance  

As of April 28, 2026, 12:17 pm, SBI Cards and Payment Services Ltd share price was trading at ₹656.60, a 2.10% decrease from the previous closing price. 

Conclusion 

The transaction is indicative of the use of loan sales to address rising stress in credit card portfolios. It also aligns with a broader trend of lenders transferring retail NPAs to specialised firms. 

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