SBI Card

Stocks to Watch, Dec 9: Here is a list of stocks from Adani group shares to GCPL that will remain in focus today

According to a press release by SBI Card, it achieved the milestone of 20 million credit cards in force, having started its credit card business in 1998

Decision part of a broader revision of credit card policies by several banks in India

SBI Card, backed by India's largest lender State Bank of India, said that write-offs and provisions for bad loans jumped 63 per cent to Rs 1,212 crore for the quarter

After peaking around 817, SBICARD saw a steep drop of nearly 78 points, marking a significant decline of around 10 per cent in its value

Recently, Adani Power broke through a key bearish trendline on the daily chart, suggesting a potential reversal in momentum from its previous downtrend.

Regarding the implications of a rate cut for NBFCs, analysts noted that asset composition is more crucial than liability composition.

Over the past 7-8 weeks, Laxmi Organic Industries has been trading within a relatively narrow range of approximately Rs 235-270, indicating a period of consolidation.

The stock rallied 6 per cent to Rs 811.85 and was trading at its highest level since October 2023.

InCred's target price translates into 30.7 per cent downside in the share price from previous close of Rs 721.15 per share.

Schaeffler experienced a significant decline after reaching its peak near Rs 4,950, dropping approximately 1,155 points, which translates to a substantial 23 per cent decrease in price

SBI Cards and Payment Services on Friday reported a net profit flat at Rs 594 crore in the first quarter of the current fiscal due to a rise in delinquencies. The SBI-promoted card issuance company (SBI Card) reported a net profit of Rs 593 crore in the April-June period of the previous fiscal. The total income during the quarter rose to Rs 4,483 crore against Rs 4,046 crore a year ago, the company said in a regulatory filing. Segment-wise, the interest income in the first quarter increased to Rs 2,243 crore from Rs 1,804 crore a year ago, while income from fees and commission remained almost flat at Rs 2,115 crore, it said. The company's gross non-performing assets rose to 3.06 per cent of gross advances as of June 30, against 2.41 per cent a year ago. Similarly, net non-performing assets increased to 1.11 per cent from 0.89 per cent in the same quarter of FY24. As a result, impairment losses and bad debt expenses increased by 53 per cent at Rs 1,101 crore in the first quarter .

It is recommended to 'buy' Nykaa stocks within the price range of Rs 180 to Rs 185

True to this pattern, Tata Consumer has recently shown a decisive breakout, marked by substantial trading volume.

Spending growth decelerated by 18 per cent Q-o-Q, as corporate spending declined 35 per cent Y-o-Y due to the impact of the recent RBI guidelines

The company's capital to risk ratio (CRAR) stood at 20.5 per cent as of 31 March 2024 as compared to 23.1 per cent as of 31 March

SBI Card on Friday reported an 11 per cent rise in profit after tax to Rs 662 crore for the quarter ended March 2024. SBI Cards and Payment Services Ltd (SBI Card) had a profit of Rs 596 crore in the fourth quarter of 2022-23 fiscal. Total revenue rose 14 per cent to Rs 4,475 crore in the fourth quarter of 2023-24, as against Rs 3,917 crore in the year-ago period. Interest income grew by 28 per cent to Rs 2,139 crore in Q4 FY24. Fees and commission income increased by 6 per cent to Rs 2,209 crore in the March quarter, SBI Card said in a statement. For the full 2023-24 fiscal, profit after tax (PAT) climbed 7 per cent to Rs 2,408 crore. The company had a profit of Rs 2,258 crore in fiscal 2022-23. Total income increased by 22 per cent to Rs 17,484 crore in FY24, as against Rs 14,286 crore in FY23. The size of the company's balance sheet as of March 31, 2024, was Rs 58,171 crore as against Rs 45,546 crore a year ago. SBI Cards and Payment Services is a non-banking financial compan

As of March, the outstanding number of credit cards in the system was 101 million, inching up from 100.60 million at the end of February 2024

The card promises comprehensive travel benefits, including the conversion of Travel Credits to Air Miles and Hotel Points, enhanced rewards on all travel bookings, and access to airport lounges

The new T+0 settlement cycle reduces transactional risks and enhances market efficiency by providing immediate liquidity to investors, said analysts at ICICI Direct