Last year, PSU Banks saw a significant 17% increase in spending compared to previous years. Their average spending per card reached ₹16,847. In contrast, private banks reported a 4% decrease in average spending, dropping to ₹18,948.

Currently, HDFC Bank holds a commanding 22.2% market share among credit cards. SBI Cards follows with an 18.7% share. These figures highlight the competitive landscape within the banking sector.

The overall credit card base has grown by 8%, reaching the current total of 119 million active cards. This growth reflects increasing consumer confidence and spending power.

Private banks still dominate the market with nearly 80% of active cards. However, PSU Banks are implementing strategies to attract new customers and enhance their offerings.

The shift towards PSU Banks indicates changing consumer preferences and highlights their growing influence in the credit card segment. With their focus on increasing customer engagement, they are likely to continue expanding their market share.

The trend suggests that consumers may lean more towards PSU Banks for credit options as they enhance services and benefits associated with their credit cards.

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What has caused the recent decline in SBI share prices? On March 9, 2026, shares of the State Bank of India (SBI) fell by 5.60%, closing at Rs 1,079.40 on the National Stock Exchange (NSE). This decline resulted in a staggering loss of nearly Rs 62,352 crore in market capitalisation, bringing SBI’s valuation below Rs 10 lakh crore to approximately Rs 9.93 lakh crore.

The shares opened at Rs 1,111.10, down from the previous close of Rs 1,143.55, and during the trading session, the stock reached an intraday high of Rs 1,113.60 and a low of Rs 1,064.25. For context, SBI’s 52-week high stands at Rs 1,234.80, while the 52-week low is Rs 719.20.

Despite this sharp fall, brokerage firm Motilal Oswal Financial Services remains optimistic about SBI from a long-term perspective. They noted that the recent decline is largely attributed to overall market weakness rather than any significant changes in the bank’s fundamentals.

Analysts highlight that SBI continues to stand out among public sector banks due to its strong profit growth and improving asset quality. In the December 2025 quarter, SBI reported a net profit of Rs 21,028 crore, marking a 24.5% year-on-year growth.

Furthermore, SBI’s price-to-earnings (P/E) ratio is 12.97, and its price-to-book (P/B) ratio is 2.14, indicating a relatively stable valuation compared to its peers.

The backdrop of this decline includes a broader sell-off in Indian equities, triggered by geopolitical tensions involving Iran, Israel, and the United States, which have driven crude oil prices higher and raised concerns about the economy.

As the market reacts to these developments, investors are left to navigate the uncertainty surrounding SBI’s share price. While some analysts maintain a positive outlook, the immediate future remains uncertain.

Details remain unconfirmed regarding the long-term implications of this decline and how it may affect SBI’s operational strategies moving forward.

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