Analysts believe the worst of stress cycle is over & that SBI Cards is entering final phase of its balance sheet cleanup, setting the stage for a recovery in credit costs, CIF growth & return ratios.
SBI Life rallied 3%, while SBI Card dropped 3% post Q2 results; the parent company SBI is scheduled to announce earnings on Nov 4. Here's a likely trading strategy in SBI group shares?
Festive expenses and weaker margins weighed on earnings, even as GNPA ratios eased and spending momentum stayed strong
Credit card company will add up to 1% charges on select payments and wallet loads
The IndiGo SBI Card holders can earn rewards on all spends made on offerings within IndiGo's ecosystem, and on hotel and travel bookings, among other categories, the airline said in a statement
SBI, SBI Card, Canara Bank, Tata Chemicals and Wipro have witnessed a short-term breakout as per the price-to-moving averages action, shows the daily chart.
SBI Card, the country's largest pure-play credit card issuer, and e-commerce marketplace Flipkart on Tuesday announced the launch of a co-branded credit card with a host of features. The 'Flipkart SBI Credit Card' was launched in the presence SBI Chairman C S Setty and MD Ashwini Kumar Tewari, the card company said in a statement. The Flipkart SBI Card has been designed with curated cashback benefits to offer a rewarding shopping experience for discerning customers on the majority of their purchases, it said. The launch reflects SBI Card and Flipkart's ongoing efforts to empower shoppers with greater value, flexibility, and access to formal credit while enhancing their overall shopping journey, it said. Customers can seamlessly apply for the credit card digitally via the Flipkart App, and SBI Card SPRINT, by visiting the SBI Card website SBI Card.com, it said. With the Flipkart SBI Card, customers can earn 7.5 per cent cashback on spends made on Myntra, and 5 per cent cashback on
Revision could mean some customers will take longer to accumulate points they planned to use for discounts
The company's profit after tax (PAT) for the quarter ended June 30, 2025, declined 6.3 per cent to ₹556 crore as against ₹594 crore reported in Q1FY25.
The company said gross write-offs jumped 32 per cent from a year earlier to 12.80 billion rupees
SBI Cards shares fell over 2.5 per cent after it received a show cause notice from the Additional Commissioner of CGST
SBI Card share price has surged by 48 per cent thus far in 2025; long-term technical chart shows that the stock is likely to trade with a favourable bias as long as it holds above this key level.
Company changes the way it calculates the least amount a user must pay as credit card bill to avoid penalties
Company is discontinuing complimentary service offered by key credit cards, has not announced any replacement benefit
Thus far in the calendar year 2025, SBI Cards (up 45%), HDFC AMC (up 22%), HDFC Bank (up 12%) have outperformed the BSE Sensex, which was up 4.6% during the same period.
Stocks to buy today, June 5: Analyst at Religare Broking has recommended buying Glenmark Pharma, M&M and one more stock with upside potential
Co-branded credit cards from SBI Card and Apollo HealthCo will give benefits in pharmacy purchases, wellness programmes
Technical chart suggests that near-term bias for SBI Life is likely to remain upbeat as long as the stock trades above ₹1,663 levels; check target price, key resistance levels here
SBI Cards stock was quoting at ₹868.50, down 6.27 per cent from the previous session's closing price of ₹926.55
SBI Card on Thursday reported a 19 per cent decline in profit to Rs 534 crore in the March quarter, on account of a rise in defaults. Pure-play credit card company, promoted by SBI, SBI Cards and Payment Services Ltd (SBI Card) had earned a profit of Rs 662 crore in the fourth quarter of the previous fiscal. However, total income rose to Rs 4,832 crore against Rs 4,475 crore in the year-ago period. Interest income too improved to Rs 2,415 crore in Q4 FY25 as compared to Rs 2,139 crore in the same quarter a year ago. During the quarter, the gross non-performing assets were at 3.08 per cent of gross advances against 2.76 per cent as of March 31, 2024. Similarly, net non-performing assets rose to 1.46 per cent as compared to 0.99 per cent at the end of the fourth quarter of previous fiscal. As a result, impairment losses and bad debts jumped to Rs 1,245 crore from Rs 944 crore a year ago. For the full fiscal 2024-25 too, profit declined by 20 per cent to Rs 1,916 crore against Rs 2