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Ansh Kumawat

Capital One
SBICARD

SBI Cards and Payment Services Limited

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SBI Cards and Payment Services Limited CC-Feb26.pdf
28 Jan 2026
Open call
  1. I just want to ask regarding the other operating expense, which has been largely the INR2,000 crores for the last 2 quarters now. Is it mainly -- is it mainly concerning the corporate spends? Or is there any other delta to it? Because we've grown from around INR1,400 crores to around INR2,000 crores in the last 5 quarters, 6 quarters?

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  2. Other operating expense. Correct? Other operating expenses. Rashmi Mohanty So this includes all the expenses around cash back, corporate pass back, sales at the acquisition cost, all of that.

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  3. Okay. So This INR2,000 crores would be the run rate for the coming quarters, right?

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