SBI Cards Q4 Review - Spends Market-Share Increase In FY21; Better Equipped To Tackle FY22: Anand Rathi
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Anand Rathi Report
SBI Cards and Payment Services Ltd.'s spends market-share increased in FY21 on a cumulative basis.
Owing to the pandemic, though, higher credit costs and the Reserve Bank of India restructuring book had to be dealt with.
With a higher transactor book, yields fell in last two quarters partially offset by the declining cost of funds.
Though uncertainty looms, the company is better equipped to tackle FY22.
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