SBI Cards slips 10% in 2 days on asset quality concerns; should you sell?

The company saw its impairment losses and bad debts rise 162 per cent in Q2FY21 to Rs 862 crore, compared to Rs 329 crore in the same period last financial year

Shares of SBI Cards and Payment Services dropped 10.6 per cent in two days — the most in almost over six months — as investors dumped the stock on fears of rising bad loans. The stock recouped some of the losses to end at Rs 807, down 5.4 per cent over the previous day’s close.
 
In the three months to September 2020, gross non-performing assets (NPAs) increased 196 bps to 4.3 per cent, compared to 2.33 per cent in Q2FY20, the company said while annoucing its results for Q2FY21. It has not declared accounts which were not NPA until