SBI Cards - Digital, Consumption - Both Themes Favourable: ICICI Direct

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 Direct Report.SBI Cards and Payment Services Ltd. is a subsidiary of State Bank of India (69% stake) and is the second largest credit card issuer in India with 19% market share (December 2020) in terms of spends and number of cards.It offers an extensive credit card portfolio to individual cardholders and corporate clients, including lifestyle, travel, etc, and corporate cards covering all major segments.The company is set to forge ahead on a healthy growth trajectory as we believe under penetrated market (three cards per 100 population), potential within the group (existing-to-bank customers at ~49%) and increasing digital transactions (73% compound annual growth rate in FY15- 20) would lever growth..Click on the attachment to read the full report:.DISCLAIMERThis 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.

SBI Cards - Digital, Consumption - Both Themes Favourable: ICICI Direct

SBI Cards - Digital, Consumption - Both Themes Favourable: ICICI Direct

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