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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.
SBI Card Q1 earnings: There is usually a ~30-month period before one understands the quality of cards issued. However, the key challenge in this period was Covid and its impact. ....
US private equity fund CA Rover Holdings, part of the Carlyle Group, on Tuesday offloaded 2.6 crore shares of SBI Cards and Payment Services Ltd for a little over Rs 2,229 crore through an open market transaction. ....
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. ....