BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Credit card spends have continued to improve gradually over the months of June-July-August 2021.
Based on the trend witnessed in August 2021-to-date and factoring-in a 2% month-on-month growth for September 2021E (similar to Sep-2020 over August-20), Q2 FY22E credit card spends could be 35% higher than in Q1 FY22 and 59% higher than Q2 FY21.
Assuming market share of 19%, SBI Cards and Payment Services Ltd. spends in Q2 FY22 could be 53% / 36% higher on YoY / QoQ basis.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR