The total income of SBI Cards and Payment Services surged 30 per cent year-on-year to ₹4,742 crore in Q3 of FY24 from ₹3,656 crore in Q3 of the last fiscal year.
SBI Card said it is a AAA-rated company and that it has enough sources and diversified lender base, to manage the impact. It does not see significant impact on cost of funds during the ongoing financial year.
The card enables cardholders to unlock rewards and benefits while transacting at Reliance Retail's extensive ecosystem, ranging from fashion and lifestyle to grocery, consumer electronics to pharma, furniture to jewelry, and many more, the statement said.
Bernstein's 12-month target price for Paytm at Rs 1,100 is 8 per cent higher than the consensus estimate of Rs 1,018 and suggests 21 per cent potential upside over Wednesday's closing price of Rs 905.60.