Receivables grew by 10 per cent to Rs 23,330 crore from Rs 21,231 crore.
Card-in-force grew by 20 per cent to 1.06 crore from 0.88 crore a year ago, while the daily average spends improved to 76.5 per cent of pre-Covid levels in June 2020 compared to 54 per cent in May this year, it said.
New accounts acquisition improved from 80,000 in May 2020 to 1,81,000 in June 2020; which stands at 57.6 per cent of the pre-Covid average daily acquisition, the company said.
Total income of SBI Card during the quarter fell 5 per cent to Rs 2,196 crore as against Rs 2,304 crore a year ago.
Segment-wise, the interest income was up 34.6 per cent at Rs 1,412 crore, while income from fees and services fell 27.1 per cent to Rs 668 crore.
Other income slipped to Rs 43 crore from Rs 236 crore in the year-ago period.
SBI Card said the board of directors at a meeting also approved raising of fund by way of issuance of non-convertible debentures (NCDs) aggregating to Rs 1,500 crore in one or more tranches over a period of time.
On asset quality, the company's gross non-performing assets were at 1.35 per cent of gross advances as on June 30, 2020 as against 2.68 per cent as on June 30, 2019.
The provision coverage ratio was at 68.25 per cent as of June-end against 72 per cent a year ago.
Total gross advances (credit card receivables) were Rs 23,330 crore by the end of June quarter, an increase of 9.9 per cent from Rs 21,231 crore in the sam period last fiscal.
On capital adequacy, SBI Card said, the company's capital to risk ratio consisting of tier I and tier II capital was 24.4 per cent compared to 18.9 per cent by June 2019, which was higher than the regulatory requirement.
Stock of SBI Card closed 0.48 per cent down at Rs 751.80 apiece on BSE.