Sbi Cards

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.

Higher credit costs may impact growth of SBI Cards and Payment Services

SBI Cards and Payment Services, the only listed pure-play card issuer, saw weak growth at 3.5 per cent Y-o-Y in July

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.

Stocks To Watch Today, Aug 28: SBI Cards, Wipro, Vi, Jio Fin, Orient Tech

At 6:52 AM, GIFT Nifty Futures fell 10 points, trading at 25,008, indicating a flat to negative start for Indian markets.

SBI Card, Usha Martin: These 3 stocks crossed 200-DMA; what to expect next?

SBI Card stock is seen trading above its 200-DMA after one month. Technical chart shows, the stock can potentially rally up 15% from present level; read details here

Jigar S Patel of Anand Rathi recommends buying these three stocks today

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

MF reclassification ahead: Hero Moto, SBI Card in focus; key levels here

As per reports seven stocks are likely to witness a switch from largecap to midcap classification and vice versa; here's what the chart suggests for select five stocks.

SBI Cards & Payment Services Ltd up for third consecutive session

SBI Cards & Payment Services Ltd is quoting at Rs 718.25, up 2.07% on the day as on 12:49 IST on the NSE. The stock is down 21.52% in last one year as compared to a 24.64% jump in NIFTY and a 14.23% jump in the Nifty Financial Services index.

Street disappointed with SBI Cards & Payment Services' Q4 performance

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

SBI Card Q4 results: PAT rises 11% to Rs 662 cr, total revenue rises 14%

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

Poor risk assessment root of asset quality concerns: SBI chief Khara

SBI chairman Dinesh Kumar Khara on Tuesday said poor risk assessment is the root of asset quality concerns on the unsecured lending front. In comments that come amid increased regulatory discomfort and efforts to dissuade banks from increasing exposures to segments such as credit cards and personal loans, the chairman of the country's largest lender said there is no challenge if a bank is able to manage risk. "The unsecured lending becomes a problem if the assessment is not done properly," he told reporters on the sidelines of an event where the bank's credit card subsidiary SBI Cards launched a travel segment-focused card. It can be noted that late last year, the RBI increased the risk weights on unsecured lending to dissuade the lenders from undertaking more exposures to such riskier products which come without any collateral. Khara asserted that the 25-year-old SBI Cards has been able to manage the asset quality well because of its focus on risk assessment. The company has amas

Bank OTP frauds on the rise: Here's what govt is doing to tackle it

The govt is currently testing a system that will allow banks to securely track a customer's registered address and geolocation to ensure the secure delivery of OTPs

SBI Card to raise up to Rs 2,000 crore in capital via Tier II bonds

CRISIL Ratings has assigned its "AAA/Stable" rating to the Rs 2,000 crore non-convertible debentures and Rs 2,000 crore lower Tier II bonds

Calling all shopaholics: Earn rewards with the new Titan SBI Card

Titan SBI Card is a great option for people who love to shop at Titan stores and want to earn rewards on their everyday purchases.

Weak Q3 FY24 performance weighs on SBI Card, AU Small Finance Bank

Analysts downgraded the stock tracking elevated provisions, interest rates, and funding costs

SBI Card Q3 profit rises 8% to Rs 549 cr, total income grows to Rs 4,742

SBI Cards and Payment Services Ltd has reported an 8 per cent rise in net profit to Rs 549 crore for the third quarter ended December 2023. The pure-play credit card company, promoted by SBI, had posted a net profit of Rs 509 crore during the corresponding period of the previous financial year. Total income grew to Rs 4,742 crore during the October-December period from Rs 3,656 crore in the year-ago period, SBI Card said in a regulatory filing. Total operating cost increased by 23 per cent at Rs 2,426 crore for the third quarter of FY24 from Rs 1,974 crore in the previous fiscal, it said. Gross non-performing assets (NPA) rose to 2.64 per cent during the quarter under review as against 2.22 per cent a year ago. Net NPA too increased to 0.96 per cent from 0.80 per cent at the end of the December quarter of the previous financial year. As a result, impairment losses and bad debt expenses grew to Rs 883 crore from Rs 533 crore in FY23. As of December 31, 2023, the card company's c

SBI Card raises Rs 525 crore via issuance of non-convertible debentures

SBI Card on Wednesday said it has raised up to Rs 525 crore by issuing non-convertible debentures to fund its business growth. It will allot 525 fixed rate, unsecured, rated, taxable, redeemable, subordinate tier II, listed, non-convertible debentures aggregating to Rs 525 crore on a private placement basis, according to a regulatory filing. They will have a face value of Rs 1 crore each and carry a coupon rate of 8.33 per cent, it said.