Credit Cards - June Trend Indicates Recovery In Spend Post Dip In May: ICICI Securities
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
We expect total credit card spend in Q1 FY22 to be 8% lower than in Q4 FY21 at an aggregate level.
For SBI Credit Cards and Payment Services Ltd., we expect the total spend to be Rs 333 billion in Q1 FY22E versus Rs 359 billion in Q4 FY21.
At the systemic level, the impact of Covid-19 second wave on credit card as well as other payments, has been much less than during the first wave, and recovery too has been faster.
Click on the attachment to read the full report:
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.