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SBI Card and Punjab & Sind Bank to launch a co-branded credit card

Published on January 02, 2023
Current Context: Public sector bank Punjab & Sind Bank (PSB) and SBI Card have teamed together to offer co-branded credit cards to the bank's clients. This signifies PSB's introduction into the "credit cards" product area as a new addition to the bank's product line.
SBI Card and Punjab & Sind Bank to launch a co-branded credit card
  • Three card variants—PSB SBI Card ELITE, PSB SBI Card PRIME, and PSB SimplySAVE SBI Card—have been introduced due to the agreement.
  • The card was introduced to give PSB customers special advantages for their spending needs.
  • SBI Card ELITE and PSB SBI Card PRIME were created to provide premium and mass premium clients, respectively, with lifestyle perks and the best-in-class experience.
  • The joining price for the PSB SBI Card ELITE is Rs. 4,999 plus taxes, while the joining fee for the PSB SBI Card PRIME is Rs. 2,999 plus taxes.
  • The PSB SimplySAVE SBI Card provides value-conscious clients with a rewarding experience by accelerating rewards and advantages on their expenditures. The cost of the card, including taxes, is Rs. 499.
  • The PSB SBI Cards ELITE and PRIME will be offered on the VISA platform, while the PSB SimplySAVE SBI Card will be offered on the RuPay network.
  • SBI (State Bank of India):
    • Established: 1955
    • Chairman: Dinesh Kumar Khara


Q.1 SBI partnered with which bank recently to launch co-branded credit cards?
a. IDFC First Bank
b. Punjab National Bank
c. Punjab and Sind bank
d. HDFC Bank
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