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
Despite the Covid-19 impact, SBI Cards and Payment Services Ltd. managed to clock flattish revenues in FY21 with improvement in spend, card market share from 17.9%-18.3% in FY20 to 19.5-19% in FY21 (up to February 2021, expected to improve in March 2021).
Considering the unique impact of lockdowns and consequent payment moratoriums in FY21, the elevated credit cost (11% in FY21) is expected to decline hereon.
While the card addition, yield, spend and receivable mix remains impacted due to the pandemic, the company is now better prepared to make a calibrated journey post the experience in FY21.
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