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SBI Cards net doubles to Rs 175 crore in Q4FY21 on lower provisions

Interest income down 20% YoY to Rs 1,072 cr; other income more than doubles to Rs 159 cr

Topics
SBI Cards | Q4 Results | NPAs

Subrata Panda  |  Mumbai 



An SBI card (Representational image)
An SBI card (Representational image)

and Payment Services reported a net profit of Rs 175 crore in the March quarter (Q4) of financial year 2020-21 (FY21), up 110 per cent compared with the Rs 84 crore it reported in the corresponding period last year. This was because of lower provisions and a significant jump in other income and income from fees and services.

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First Published: Mon, April 26 2021. 19:24 IST

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