Tue, Dec 24, 2024
The Reserve Bank of India in March this year tightened rules for debit and credit cards issued for business accounts and this is continuing to weigh on credit card players including SBI Card.
More >
Tue, Oct 29, 2024
For the review quarter, the bank's profitability took a sharp hit amid increased credit costs, with impairment losses and bad debts climbing.
Wed, Jun 26, 2024
SBI Card shares traded on a muted noted even as the company's spending market share grew 11 per cent on year but remained below 17 per cent, reflecting the impact of RBI’s recent notification on corporate card spending.
Mon, Apr 29, 2024
The net interest income of the company was up by 21.4 per cent to Rs 1414.8 core in the fourth quarter against Rs 1165.10 crore in the same quarter last year. It was slightly below Zee Business research's estimate of Rs 1,420 crore. Gross non-performing assets increased to 2.76 per cent in the quarter under review from 2.64 per cent QoQ, below the estimates of 2.8 per cent. Its net non-performing assets (NNPA) were 0.99 per cent in Q4 against 0.96 per cent QoQ. it was slightly below research estimates of one per cent.
Mon, Feb 26, 2024
SBI Card share price: Further from the credit card spending data, it is highlighted that spending for SBI Card, Axis, and ICICI Bank increased 5–6 per cent per cent on-month.
Mon, Jan 29, 2024
SBI Card reported weak third-quarter results as its net interest income increased by 21.2 per cent to Rs 1387 crore in the December quarter from Rs 1144.60 crore in the same quarter last fiscal. Zee Business research had estimated NII to be Rs 1350 crore.
Fri, Nov 24, 2023
SBI Card share price: The brokerage firm InCredit Equities pointed out in its report that while private banks will see an impact of around 5 per cent of the net loans, SBI Card will see a 100 per cent impact.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
