SBI Card already has co-branding with Karur Vysya Bank, Bank of Maharashtra, Oriental Bank of Commerce, Federal Bank and Lakshmi Vilas Bank.
Jasuja said that GE, which was one of the shareholders of SBI Cards, would make an exit in September or October this year.
Launching the SBI Elite credit card, he said that SBI Card has a customer base of 3.75 million and the target is to add one million this fiscal.
In terms of market share, it was 15% in terms of numbers, 15% in terms of assets outstanding and 12% in terms of spends.
Currently it enjoys the number three position in the credit cards industry in the country, he said.
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