Geojit: SBI Cards & Payment Services Posts Mixed Q2 Performance; Outlook Intact

Geojit: SBI Cards & Payment Services Posts Mixed Q2 Performance; Outlook Intact

Logos of Mastercard and Visa sit on credit cards in this arranged photograph. (Photographer: Andrey Rudakov/Bloomberg)

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.

Geojit Research Report

SBI Cards and Payment Services Ltd. is the leading issuer of credit cards in India.

Company offers wide range of -added payment products and services. SBI cards operates in more than 130 cities in India.

Net interest income rose 20.0% YoY in Q2 FY21, aided by net interest margin expansion (up 185 basis points YoY) with higher interest income yield (up 56 basis points YoY) and lower cost of funds (down 96 basis points).

Non-interest income was up 1.9% YoY.

Click on the attachment to read the full report:

Geojit Research SBI Cards & Payment Services Ltd Result Update.pdf
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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 brokerage and do not represent the views of BloombergQuint.

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