Benchmark indices snapped two sessions of losing streak on Wednesday led by a rally in banking, capital goods and pharma stocks. Sensex ended 547.83 points higher at 55,816 and Nifty gained 158 points to 16,641. Market cap of BSE-listed firms rose to Rs 259.71 lakh crore in the previous session. Sun Pharma, SBI, L&T, TCS and Asian Paints were the top Sensex gainers, rising up to 3.39 per cent.
SBI Cards and Payments share rises 12% post strong Q4 earnings
Stock of SBI Cards and Payments climbed 12.62% to Rs 1,035 to Rs 919 on NSE
BusinessToday.In | April 27, 2021 | Updated 11:14 IST
SBI Cards stock has gained after 3 days of consecutive fall.
SBI Cards and Payments share rose over 12% in early trade after the firm reported a 110% rise in Q4 net profit. Stock of SBI Cards and Payments climbed 12.62% to Rs 1,035 to Rs 919 on NSE.
The stock has gained after 3 days of consecutive fall. Market cap of the firm stood at Rs 87,435 crore. The share trades higher than 200 day moving averages but lower than 5 day, 20 day, 50 day and 100 day moving averages.
SBI Cards gets Rs 450 crore funds from parent SBI, proforma gross NPAs double to 4.51%
SBI Cards & Payments had earlier seen its gross NPAs doubling to 4.29 per cent in the second quarter (July-Sept) of 2020-21. The gross NPAs stand at 1.61 per cent of gross advances in December 2020 as against 0.83 per cent a year ago
Anand Adhikari | January 21, 2021 | Updated 21:35 IST
The gross NPAs stand at 1.61 per cent of gross advances in December 2020
SBI Cards & Payments, the credit card arm of the country s largest bank, the State Bank of India (SBI), has received Rs 450 crore of long-term funds from its parent. The second-largest card issuer in the country after HDFC Bank got this money at an attractive fixed interest rate of 6.0 per cent per annum for a period of 5 years.