Sbi Card
NBFCs ripe for re-rating, says Nomura; bets on SBI Card, Bajaj, Shriram Fin
NBFC share price: Nomura, however, is negative on CreditAccess Grameen and M&M Financial Services
Stocks to Watch, Feb 18, 2025: Airtel, NTPC, Power Grid, Vedanta, Paytm
Stocks to Watch, Feb 18, 2025: Airtel, NTPC, Power Grid and other stocks will be on investors' radar today
SBI Card declares ₹2.5 interim dividend, appoints Salila Pande as MD & CEO
SBI Cards and Payment Services on Monday said its board has appointed Salila Pande as the Managing Director & CEO with effect from April 1, 2025. The appointment of Pande, who has been nominated by State Bank of India, will be for a period of two years, SBI Card said in a filing to the BSE. The board has approved the appointment of Pande pursuant to the superannuation of Abhijit Chakravorty from the services of State Bank of India from March 31, 2025, it said. Pande is a Chief General Manager at the State Bank of India. She is a career banker and had joined the SBI in 1995 as a probationary officer, and has been with the country's largest banking group since then. Pande is a post graduate in physics, a Certified Financial Risk Manager (FRM by GARP, USA) and a Certified Associate of the Indian Institute of Bankers. Shares of SBI Cards and Payment Services Ltd closed at Rs 853.75, down 0.56 per cent over previous close on the BSE.
Macquarie upgrades SBI Card to 'Outperform'; share price soars 5% on BSE
SBI Card share price: SBI Card stock moved up by 6.1 per cent in the intraday trade to hit a 52-week high of Rs 866.85 on the BSE. This was the stock's highest level in 18 months
SBI Card's credit costs pinch Q3 earnings; analysts in wait-and-watch mode
SBI Card share price: SBI Card's profitability was tepid in Q3FY25, driven by elevated credit costs, subdued margins, weak revolving mix, regulatory headwinds on fee income, and rising delinquencies
SBI Card Q3 results: Net profit falls 30% to Rs 383 crore, revenue flat
Profit after tax fell 30 per cent to Rs 383 crore ($44.3 million) for the three months ended Dec. 31, compared to analysts' average expectations of Rs 459 crore
Brokerages bullish on SBI Card on hopes of credit cost moderation
Credit cost of the company rose to as high as 9 per cent in Q2FY25 from 5.6 per cent in Q3FY23
Nomura, Nuvama say 'Buy' SBI Card shares; upgrade stock on these reasons
SBI Card share price: Nomura and Nuvama Institutional Equities have upgraded SBI Card share to 'Buy' from 'Reduce'
Stocks to Watch, Dec 9: GCPL, IndiGo, M&M, CEAT, Bajaj Auto, Paytm, SBI
Stocks to Watch, Dec 9: Here is a list of stocks from Adani group shares to GCPL that will remain in focus today
SBI Card surpasses milestone of 20 million credit cards in circulation
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
SBI Card update: No reward points for spending on digital gaming platforms
Decision part of a broader revision of credit card policies by several banks in India
SBI Card Q2 results: PAT drops 33% to Rs 404 cr as bad loan provisions rise
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
SBI Card, SDBL, BoB; top stocks by Jigar S Patel of Anand Rathi for Oct 7
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
Jigar S Patel of Anand Rathi suggests buying these stocks on September 23
Recently, Adani Power broke through a key bearish trendline on the daily chart, suggesting a potential reversal in momentum from its previous downtrend.
Nomura ups target for Bajaj duo, M&M Fin, says rate cut positive for NBFCs
Regarding the implications of a rate cut for NBFCs, analysts noted that asset composition is more crucial than liability composition.
SBI Card, Laxmi Organic and GAEL among top bets by Jigar S Patel for today
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.
SBI Card rallies 6% in weak market; hits 11-month high on positive outlook
The stock rallied 6 per cent to Rs 811.85 and was trading at its highest level since October 2023.
SBI Card loses credit card market share in July; InCred retains 'Reduce'
InCred's target price translates into 30.7 per cent downside in the share price from previous close of Rs 721.15 per share.
Jigar S Patel of Anand Rathi recommends buying these three stocks today
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 Card Q1 results: Net profit flat at Rs 594 cr on higher impairment
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 .
