At least five institutions, including Axis Bank and SBI Card, have shown interest in buying the credit card business of Barclays India.

“We are evaluating the various options and will choose the route which serves the interest of our stakeholders,” said Karan Bhagat, managing director and country head of Barclays Corporate.

Barclays India put the business on the block a month ago. It received five expressions of interest, including from Axis Bank and SBI Card, said banking sources. The deal value of Rs 180-200 crore is based on the number of cards (240,000) in the performing portfolio.