Fri, Oct 28, 2022
CLSA recommends a 'Sell' on this counter and cuts target to Rs 785 from Rs 830. It cites loss in market share as the biggest handicap for this counter despite spending showing a health trend
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Thu, Jul 28, 2022
The SBI-promoted card issuance company had reported a net profit of Rs 305 crore in the April-June quarter of the previous fiscal (2021-22). Its total income during the quarter rose to Rs 3,263 crore against Rs 2,451 crore a year ago, SBI Cards said in a regulatory filing.
Fri, Apr 29, 2022
SBI Cards and Payment Services Ltd announced on Friday that its net profit for the quarter ending March 2022 increased by more than threefold to Rs 580.86 crore, as per PTI reported.
Fri, Sep 24, 2021
In apparent good news for SBI Card’s investors, the revenue department of the Finance Ministry has found the card company’s data privacy report satisfactory and has also approved Aadhaar based verification process. The ministry has also approved the same for PhonePe along with SBI Card.
Tue, Aug 31, 2021
In conversation with Anil Singhvi, Managing Editor at Zee Business, Market Analyst Sacchitanand Uttekar selected three midcap stocks namely SBI Cards and Payment Services Ltd for long term, Mahindra Holidays & Resorts India Ltd for positional and Tinplate Company of India Ltd for short term investment.
Mon, Mar 29, 2021
SBI Cards and Payment Services is a subsidiary of State Bank of India (69% stake) and is the second largest credit card issuer in India with 19% market share (December 2020) in terms of spends and number of cards. It offers an extensive credit card portfolio to individual cardholders & corporate clients, including lifestyle, travel, etc, and corporate cards covering all major segments.
Thu, Mar 04, 2021
Credit Suisse believes that there is a large untapped opportunity for SBI Cards in India. It says SBI Cards is seeing strong growth here. India has seen a strong rise in digital adoption in the past few years and post COVID-19, we expect this to accelerate. Credit card penetration remains low at 4%, with credit card debt to GDP at 0.6% and spends at < 4% of GDP, significantly lower vs other countries.
Tue, Mar 02, 2021
SBI Cards and Payments Services share price: SBI Cards has strengthened its position as the second largest card player in the country with market share of 19% in cards and 20% in overall spends. The company has an card base of 11.5 mn and has doubled its card base over the past three years at an average incremental market share of 23%.
Thu, Mar 05, 2020
SBI Cards and Payment Services received bids for more than 155 crores shares against the total issue size of 10 crore shares.
Sun, Dec 11, 2016
To tap opportunities arising out of limited cash supply, SBI Card will soon launch a credit card with a cap of Rs 25,000 for those at the lower strata of the society, who have the capacity to pay but don't have cards, a top company official said.
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