SBI Cards - Significantly Better Placed In Covid 2.0: 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 hosted the top management of SBI Cards and Payments Ltd. Overall estimated impact for Covid 2.0 is significantly lower than Covid 1.0 on account of better preparedness to manage all business functions digitally and rolling nature of lockdowns. Reserve Bank of India restructuring book continues to run off on the expected lines and overall restructuring quantum is expected to be much lower in Covid 2.0. The company is now better prepared to make a calibrated journey post the experience in FY21. We remain positive on the company’s long-term fundamentals (pre-provision operating profit/profit before tax grew 38%/23% between FY17-FY21)..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 - Significantly Better Placed In Covid 2.0: ICICI Securities

SBI Cards - Significantly Better Placed In Covid 2.0: ICICI Securities

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