Page 11 - Sbi Cards

With stellar returns, SBI Cards a good bet despite premium valuation

SBI Cards has an 18 per cent market share in terms of outstanding number of cards, as of November 2019

SBI Cards IPO opens March 2: All you need to know about the $1.4 bn offer

No multi-bagger like IRCTC, but can deliver 50% listing gains, says Ambareesh Baliga, an independent market expert

SBI Cards IPO: Price band fixed in the range of Rs 750 to Rs 755 per share

At issue size of Rs 10,355 cr, the offering will be Asia's biggest this year and fourth-largest domestically

Planning to apply for SBI Cards IPO? Check out the eligibility criteria

Normally, IPOs are open for subscription for three days but SBI Cards IPO will run for four days. The first three days, i.e. from March 2 to March 4, the issue will be open for all bidders

SBI Cards & Payment IPO price band fixed at Rs 750-755, opens on March 2

The second largest card issuer SBI Cards & Payment Services, which is hitting the primary market with a Rs 9,000-crore initial public offering, has set the price band for the share sale at Rs 750-755. The IPO, opening on March 2 and closing on 4, comprises fresh issue of equity shares aggregating to Rs 500 crore and an offer for sale where promoters will offload nearly 13 crore shares. Promoters SBI and Carlyle Group will offload 3.73 crore shares and 9.32 shares respectively. SBI holds 74 per cent in SBI Card and the rest by the Carlyle Group and they will pare their stakes by 4 per cent and 10 per cent respectively, SBI Managing Director Dinesh Khara told reporters kicking of the IPO roadshow. SBI Card's market share in terms of the number of credit cards outstanding is 18 per cent. The pure-play credit card company's gross NPA stood at 2.47 per cent in December 2019 compared to 2.44 per cent in March 2019 and 2.83 per cent in March 2018, he said. SBI Card managing director and

SBI Cards aims to keep non-performing assets at 2.4-2.5%: CEO Prasad

Gross non-performing assets stood at 2.47% at the end of last year, down from around 2.9% in March 2018

Street signs: SBI Cards IPO, ESG funds get stewardship push, and more

Brokers say many wanting get to their hands on the country's second-largest credit card company have bought shares of parent State Bank of India (SBI) from the secondary market in recent weeks.

Ahead of IPO, SBI Cards sees fintechs, UPI as formidable competition

SBI Cards expects competition to intensify in future

Top 10 business headlines: Ambani vs Chandra, SBI Cards IPO, and more

The much-awaited initial public offering of SBI Cards and Payment Services, a subsidiary of State Bank of India, will open on March 2, confirms its prospectus

SBI Cards IPO opens on March 2: Key things to know about Rs 9,000-cr offer

SBI Cards is the second-largest credit card issuer in India, with an 18.1 per cent market share of the market as of November 2019

SBI Cards and Payment Services' $1.25 billion-IPO to open on March 2

The company plans to issue new shares worth Rs 500 crore and will offer up to 130.5 million shares for sale

SBI Cards and Payment Services gets regulator Sebi's nod to float IPO

Sebi's observations are necessary for any company to launch public issues including initial public offer, follow-on public offer and rights issue

This decade-old Sebi guideline is holding up much-awaited SBI Cards IPO

Latest rule change may, however, clear decks for Rs 9,500-cr offering

SBI Cards set to launch Rs 9,500-cr IPO this month, subject to Sebi nod

The issue will comprise an offer for sale of about 131 million shares of existing shareholders - SBI and CA Rover

Four companies including SBI Card, ICICI Home Finance to list papers on BSE

Post process, the effective date of listing for the commercial paper at the exchange will be December 23, the BSE said in a statement

SBI Cards to list commercial paper on BSE for an issue size of Rs 400 crore

Leading stock exchange BSE on Thursday said SBI Cards & Payments Services has made an application to list commercial paper for an issue size of Rs 400 crore. Post process, the effective date of listing for the commercial paper at the exchange will be December 13, BSE said in a statement. With this, the number of companies listing their commercial paper (CP) on BSE BONDS platform will reach eight since the stock exchange came out with the framework for listing of such instruments late last month. Also, the funds raised by these firms will reach Rs 9,270 crore. Listing of CPs is expected to lead to efficient transmission of information regarding corporate borrowings and liquidity positions to market participants. Besides, it will contribute effectively towards development of the commercial paper market and is expected to have a positive effect on the debt capital market. Commercial paper is an unsecured money market instrument issued in the form of promissory notes that enables ...

SBI Card swipes in First Data for card management services

Under the multi-year agreement, First Data would provide solutions, powered by its proprietary VisionPlus software to SBI Card. First Data would also operate a new data centre facility in the country

SBI Cards to launch credit card facility through mobile

The technology, known as host card emulation, will use the near field communication to make payments