State Bank of India launches the SBI Gold International Debit Card in association with Visa International
State Bank of India today launched the SBI Gold International Debit Card in partnership with Visa International . This product provides State Bank of India (SBI) cardholders with unmatched benefits and privileges including access to Visa’s unique suite of services in India including Visa Money Transfer, Visa Bill Pay and Verified by Visa.
SBI Gold International Debit Cardholders can also avail of exclusive benefits like loyalty points, enhanced limits on overseas transactions and domestic transactions, purchase protection insurance and personal accident protection besides discounts at select merchant establishments. Other attractive features of the card are a permanent cash back facility and cash withdrawal without any service charges at ATMs of banks with whom SBI has bilateral arrangements. SBI has bilateral arrangements with 13 banks. The card also offers daily cash withdrawal of Rs 50,000 from ATMs and daily transaction limit of Rs 200,000 at Point of Sale (POS).
Speaking at the launch, Shri. O. P. Bhatt, Chairman of State Bank of India, said, “Visa SBI Gold International Debit Card has been introduced by the bank in order to accord a special status to its existing valued constituents in the country. SBI is the largest issuer of debit cards in the Asia Pacific region with a population of 27 million actively used debit cards which is growing at the rate of 6 lakh cards per month. SBI has plans to increase its ATMs from existing 7200 to 25,000 within three years and card issuance to 1 million per month. SBI is issuing Visa debit cards for the first time and shall be shortly introducing Visa debit card in other variants viz, Yuva, Platinum and Shopping card etc. The Gold card will offer a bouquet of value added benefits to the cardholders.”
James Murray, Executive Vice President, South and South East Asia, Visa International Asia Pacific said, “The SBI Gold International Debit Card makes purchases at merchant outlets as easy as ‘Shop, Swipe, Sign’ – as the Visa Debit product is signature based. Besides it enables cardholders to transfer money, shop online and pay their bills with an added level of convenience and security. This is another milestone in our relationship with State Bank of India and we are delighted to offer SBI customers this winning combination of services on the SBI Gold International Debit Card.”
The SBI Gold International Debit Card enhances customer experience as the card can be used at merchant locations, ATMs and even on the Internet to pay utility bills like telephone, electricity, mobile through the www.visabillpay.in site. Visa Money Transfer will also enable cardholders to transfer money easily and efficiently from the SBI Gold International Debit Card using any SBI ATM to any other Visa Debit card or Visa credit card in the country. Cardholders can also get an added level of security through Verified by Visa that provides an additional layer of security for purchases on the Internet.
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SBI stock price
On July 31, 2015, State Bank of India closed at Rs 270.40, up Rs 13.50, or 5.25 percent. The 52-week high of the share was Rs 335.90 and the 52-week low was Rs 234.52.
The company's trailing 12-month (TTM) EPS was at Rs 17.32 per share as per the quarter ended March 2015. The stock's price-to-earnings (P/E) ratio was 15.61. The latest book value of the company is Rs 169.77 per share. At current value, the price-to-book value of the company is 1.59.
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