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SBI Cards and Payment inches up on launching new product `SimplySAVE Merchant SBI Card` SBI Cards And Payment Services is currently trading at Rs. 834.10, up by 0.30 points or 0.04% from its previous closing of Rs. 833.80 on the BSE. The scrip opened at Rs. 835.05 and has touched a high and low of Rs. 840.75 and Rs. 832.00 respectively. So far 17293 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 982.20 on 20-Sep-2022 and a 52 week low of Rs. 690.90 on 30-Jan-2023. Last one week high and low of th...
SBI Cards and Payment inches up on launching new product `SimplySAVE Merchant SBI Card`
SBI Cards and Payment inches up on launching new product `SimplySAVE Merchant SBI Card`
Source: Accord Fintech
6/09/2023 12:44:21 PM
SBI Cards rises on getting nod to raise Rs 3,000 crore through NCDs SBI Cards And Payment Services is currently trading at Rs. 926.00, up by 6.25 points or 0.68% from its previous closing of Rs. 919.75 on the BSE. The scrip opened at Rs. 920.65 and has touched a high and low of Rs. 928.10 and Rs. 913.15 respectively. So far 16952 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1028.75 on 17-Aug-2022 and a 52 week low of Rs. 656.10 on 20-Jun-2022. Last one week high and low of t...
SBI Cards rises on getting nod to raise Rs 3,000 crore through NCDs
SBI Cards rises on getting nod to raise Rs 3,000 crore through NCDs
Source: Accord Fintech
6/06/2023 4:03:03 PM
SBI Cards and Payment Services surges on planning to raise funds worth Rs 3,000 crore SBI Cards And Payment Services is currently trading at Rs. 923.25, up by 6.55 points or 0.71% from its previous closing of Rs. 916.70 on the BSE. The scrip opened at Rs. 916.70 and has touched a high and low of Rs. 924.80 and Rs. 899.30 respectively. So far 47415 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1028.75 on 17-Aug-2022 and a 52 week low of Rs. 656.10 on 20-Jun-2022. Last one week high and low of t...
SBI Cards and Payment Services surges on planning to raise funds worth Rs 3,000 crore
SBI Cards and Payment Services surges on planning to raise funds worth Rs 3,000 crore
Source: Accord Fintech
31/05/2023 4:15:08 PM
SBI Card gains on raising Rs 810 crore through NCDs SBI Cards And Payment Services is currently trading at Rs. 883.50, up by 4.80 points or 0.55% from its previous closing of Rs. 878.70 on the BSE. The scrip opened at Rs. 880.00 and has touched a high and low of Rs. 885.50 and Rs. 880.00 respectively. So far 1262 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1028.75 on 17-Aug-2022 and a 52 week low of Rs. 656.10 on 20-Jun-2022. Last one week high and low of th...
SBI Card gains on raising Rs 810 crore through NCDs
SBI Card gains on raising Rs 810 crore through NCDs
Source: Accord Fintech
18/05/2023 9:59:34 AM
Buy SBI Cards and Payment Services For Target Rs 975 - Yes Securities Largely in-line performance, adjusted for unusual fees and credit cost SBI Card delivered 6% PAT beat on our expectation which was characterized by 1) sustained significant gross card addition (up 37% yoy), 2) stronger spends growth (retail spends up 2% qoq/33% yoy), 3) stronger receivables growth (up 5% qoq/30% yoy) and stable mix, 4) resilient NIMs with improvement in yield, 5) higher instance-based fees (due to application of fees on rental spends from mid-Nov), 5) higher business develop...
Buy SBI Cards and Payment Services For Target Rs 975 - Yes Securities
Buy SBI Cards and Payment Services For Target Rs 975 - Yes Securities
Source: Yes Securities Ltd
8/05/2023 11:17:21 AM
Buy SBI Cards and Payment Services For Target Rs 980 - Emkay Global Financial Services * Despite continued margin pressure and higher provisions, SBI Cards (SBIC) reported inline PAT at Rs6bn (3% YoY/17% QoQ), driven by higher fees which, in turn, were led by business development fees on higher volume milestones and other fees including charge on rental spends. Higher provisions were mainly because of some inch-up in NPAs (Gross stage 3 up 14bps QoQ to 2.4%) from the vintage pool and tightening of the ECL model, leading to a 20bps (Rs0.2bn) increase in LLP. * SBIC clocked he...
Buy SBI Cards and Payment Services For Target Rs 980 - Emkay Global Financial Services
Buy SBI Cards and Payment Services For Target Rs 980 - Emkay Global Financial Services
Source: Emkay Global Financial Services
3/05/2023 3:23:10 PM
Buy SBI Cards and Payment Services For Target Rs 930 - Motilal Oswal Financial Services Growth in spends healthy; margins moderate slightly Provisions to remain elevated * SBI Cards and Payment Services (SBICARD) reported a steady quarter as its PPoP delivered a healthy beat of 10% YoY supported by higher other income even as NII was in line. PAT grew 3% YoY to INR6.0b (8% beat) in 4QFY23. * Margin contracted 10bp QoQ to 11.5% in 4QFY23 due to lower revolver mix (24%) and a higher cost of funds. Growth in spends was healthy at 4% QoQ, with retail spends up 33% YoY while...
Buy SBI Cards and Payment Services For Target Rs 930 - Motilal Oswal Financial Services
Buy SBI Cards and Payment Services For Target Rs 930 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
30/04/2023 10:02:29 AM
India's SBI Card reports surprise Q4 profit growth on higher consumer spending India's SBI Cards and Payment Services Ltd on Friday reported a surprise jump in its fourth-quarter profit, helped by strong consumer spending which outweighed higher funding costs. Profit after tax for the quarter ended March 31 rose 2.7% to 5.96 billion rupees ($72.8 million) from the previous year, while analysts had expected decline in profit to 5.42 billion rupees, according to Refinitiv IBES data. Card-in-force, or the number of cards issued and outstanding, grew 22%...
India's SBI Card reports surprise Q4 profit growth on higher consumer spending
India's SBI Card reports surprise Q4 profit growth on higher consumer spending
Source: Reuters
28/04/2023 7:17:46 PM
Buy SBI Cards and Payment Services For Target Rs 721 - ICICI Securities There is no change in the business prowess of SBI Cards (SBIC) considering the spends growth and its relative market share in CIF/spends. However, there were external overhangs of declining NIMs and loss in fees due to implementation of RBI master circular. However, these challenges have largely played out and are reflected in valuations, which have halved in past two years (charts-1&2). The company is likely to deliver a 5-year earnings CAGR of 27% between FY18-FY23E – a period tha...
Buy SBI Cards and Payment Services For Target Rs 721 - ICICI Securities
Buy SBI Cards and Payment Services For Target Rs 721 - ICICI Securities
Source: ICICI Securities
7/04/2023 12:41:35 PM
Buy SBI Cards and Payment Services For Target Rs953 - ICICI Securities Valuations appear attractive in light of promising business potential beyond external overhangs There is no change in the business prowess of SBI Cards (SBIC) considering the spends growth and its relative market share in CIF/spends. However, there were external overhangs of declining NIMs and loss in fees due to implementation of RBI master circular. However, these challenges have largely played out and are reflected in valuations, which have halved in past two years (charts-1&2). The...
Buy SBI Cards and Payment Services For Target Rs953 - ICICI Securities
Buy SBI Cards and Payment Services For Target Rs953 - ICICI Securities
Source: ICICI Securities
4/04/2023 12:17:20 PM
SBI Cards Q3 PAT at Rs 509 crore on reduced NIM Credit card major SBI Cards and Payment Services Ltd on Tuesday said it closed Q3 of FY23 with a higher net profit of Rs 509.46 crore. In a regulatory filing, the company said for the quarter ended December 31, 2022, it had earned a total operational revenue of Rs 3,507.12 crore (Q3FY22 Rs 2,889.46 crore) and a net profit of Rs 509.46 crore (Rs 386.77 crore). However the after tax profit for the period under review is lower than the Rs 525.64 crore profit the company had posted for Q2 o...
SBI Cards Q3 PAT at Rs 509 crore on reduced NIM
SBI Cards Q3 PAT at Rs 509 crore on reduced NIM
Source: IANS
24/01/2023 6:25:20 PM
India's SBI Card Q3 profit misses estimates on higher costs; shares drop  India's SBI Cards and Payment Services Ltd reported a smaller-than-expected rise in quarterly profit, as higher costs offset robust consumer spending, sending shares to a seven-month low. Profit for the three months ended Dec. 31 rose about 32% to 5.09 billion rupees ($62.42 million) from the previous year, but fell short of analysts' expectations for a profit of 5.77 billion rupees, according to Refinitiv IBES data. Shares of the company, backed by the country's top l...
India's SBI Card Q3 profit misses estimates on higher costs; shares drop
India's SBI Card Q3 profit misses estimates on higher costs; shares drop
Source: Reuters
24/01/2023 4:50:42 PM
SBI Cards and Payment Services rises on partnering with TSSC SBI Cards And Payment Services is currently trading at Rs. 817.30, up by 4.60 points or 0.57% from its previous closing of Rs. 812.70 on the BSE. The scrip opened at Rs. 813.10 and has touched a high and low of Rs. 823.50 and Rs. 813.10 respectively. So far 54193 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1028.75 on 17-Aug-2022 and a 52 week low of Rs. 656.10 on 20-Jun-2022. Last one week high and low of t...
SBI Cards and Payment Services rises on partnering with TSSC
SBI Cards and Payment Services rises on partnering with TSSC
Source: Accord Fintech
29/11/2022 4:02:43 PM
Add SBI Cards and Payment Services Ltd For Target Rs .1,020 - Yes Securities SBI Card delivered a 21% lower PAT v/s our expectation on account of 2% income miss, and 4%/12% higher opex/credit cost. Annualized RoA/RoE declined to 5.4%/24% after being at 7%/30% in preceding two quarters. While spend/receivables growth was strong, the decline in overall fee yield, reduction in revolvers’ share, significant NIM contraction, elevated opex intensity and uptick in credit cost underwhelmed. Management outlook on many of these factors was not enthusing too. SBI Cards&rsq...
Add SBI Cards and Payment Services Ltd For Target Rs .1,020 - Yes Securities
Add SBI Cards and Payment Services Ltd For Target Rs .1,020 - Yes Securities
Source: Yes Securities Ltd
28/10/2022 2:21:14 PM
SBI Card inches up on raising Rs 500 crore through NCDs SBI Card is currently trading at Rs. 958.40, up by 0.20 points or 0.02% from its previous closing of Rs. 958.20 on the BSE. The scrip opened at Rs. 955.00 and has touched a high and low of Rs. 958.00 and Rs. 947.20 respectively. So far 5552 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1160.60 on 11-Oct-2021 and a 52 week low of Rs. 656.10 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs. 9...
SBI Card inches up on raising Rs 500 crore through NCDs
SBI Card inches up on raising Rs 500 crore through NCDs
Source: Accord Fintech
16/09/2022 11:02:05 AM
Buy SBI Cards and Payment Services Ltd For Target Rs.1,100 - Motilal Oswal Financial Services Earnings getting its mojo back; revolve rate indicating early signs of recovery Spends growth robust; margins stable QoQ * SBICARD reported a robust quarter on key business metrics and its net earnings delivered a strong beat aided by lower provisions. PAT thus grew 106% YoY to INR6.3b (MOSLe: INR5.3b). * Margin was stable QoQ at 13.2% in 1QFY23. Revolver mix increased to 26% from 25% in 4QFY22. Trends in both retail and corporate spends were strong at 68% YoY and 130% YoY, respectiv...
Buy SBI Cards and Payment Services Ltd For Target Rs.1,100 - Motilal Oswal Financial Services
Buy SBI Cards and Payment Services Ltd For Target Rs.1,100 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
7/09/2022 4:01:21 PM
Buy SBI Cards and Payment Services Ltd For Target Rs.1,260 - Yes Securities Strong show; uptick in Revolvers’ share SBI Cards delivered a handsome beat of 6%/12%/24% on our Income/PPOP/PAT estimates, and it was driven by robust spends growth, uptick in revolvers’ share, contained opex intensity and a stable quality underpinning moderate credit cost. RoA and RoE stood at 7% and 31% respectively, which were a multi-year high. Robust spends growth; recovery in revolvers’ share aids NIM CIF grew by 4% qoq/19% yoy with new accounts addition at 0...
Buy SBI Cards and Payment Services Ltd For Target Rs.1,260 - Yes Securities
Buy SBI Cards and Payment Services Ltd For Target Rs.1,260 - Yes Securities
Source: Yes Securities Ltd
6/09/2022 3:35:16 PM
SBI Card gains on launching 'Cash Back SBI Card SBI Cards and Payment Services is currently trading at Rs. 928.00, up by 6.10 points or 0.66% from its previous closing of Rs. 921.90 on the BSE. The scrip opened at Rs. 921.00 and has touched a high and low of Rs. 951.05 and Rs. 910.00 respectively. So far 50924 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1164.65 on 01-Sep-2021 and a 52 week low of Rs. 656.10 on 20-Jun-2022. Last one week high and low of t...
SBI Card gains on launching 'Cash Back SBI Card
SBI Card gains on launching 'Cash Back SBI Card
Source: Accord Fintech
1/09/2022 4:13:41 PM
SBI Cards and Payment Services soars on reporting 8% rise in Q1 net profit SBI Cards and Payment Services is currently trading at Rs. 948.15, up by 17.90 points or 1.92% from its previous closing of Rs. 930.25 on the BSE. The scrip opened at Rs. 930.25 and has touched a high and low of Rs. 968.30 and Rs. 930.25 respectively. So far 275877 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1164.65 on 01-Sep-2021 and a 52 week low of Rs. 656.10 on 20-Jun-2022. Last one week high and low of...
SBI Cards and Payment Services soars on reporting 8% rise in Q1 net profit
SBI Cards and Payment Services soars on reporting 8% rise in Q1 net profit
Source: Accord Fintech
29/07/2022 12:46:58 PM
SBI Card PAT Grows 106% to Rs. 627 Cr in Q1 FY23 Vs Rs. 305 Cr for Q1 FY22 New Delhi : The Board of Directors of SBI Cards and Payment Services Limited approved the Company’s results for the quarter ended June 30, 2022, at their meeting held on Thursday, July 28, 2022. Performance Highlights Q1 FY23 * Total Revenue increases 33% YoY to ?3,263 Cr * ROAA at 7.0% for Q1 FY23 vs. 4.5% for Q1 FY22 * ROAE at 30.8% for Q1 FY23 vs. 18.7% for Q1 FY22 * Capital Adequacy Ratio at 24.7%; Tier 1 at 21.5%   Key Metrics * New accou...
SBI Card PAT Grows 106% to Rs. 627 Cr in Q1 FY23 Vs Rs. 305 Cr for Q1 FY22
SBI Card PAT Grows 106% to Rs. 627 Cr in Q1 FY23 Vs Rs. 305 Cr for Q1 FY22
Source: PR Agency
29/07/2022 11:32:37 AM
SBI Card gains on launching `Aditya Birla SBI Card` in partnership with Aditya Birla Finance SBI Cards and Payment Services is currently trading at Rs. 771.90, up by 3.60 points or 0.47% from its previous closing of Rs. 768.30 on the BSE. The scrip opened at Rs. 768.30 and has touched a high and low of Rs. 772.50 and Rs. 764.80 respectively. So far 10226 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1164.65 on 01-Sep-2021 and a 52 week low of Rs. 656.10 on 20-Jun-2022. Last one week high and low of t...
SBI Card gains on launching `Aditya Birla SBI Card` in partnership with Aditya Birla Finance
SBI Card gains on launching `Aditya Birla SBI Card` in partnership with Aditya Birla Finance
Source: Accord Fintech
1/07/2022 10:36:14 AM
Buy SBI Cards and Payment Services Ltd For Target Rs.1,260 - Yes Securities On course for pre-pandemic RoE delivery We hosted SBI Cards’ Management in our High Conviction Ideas Conference and the takeaways were reassuring on concurrent and expected trends in card addition/mix, spend growth/mix, revolvers’ share, competitive landscape and credit cost. Co. is confident about maintaining the card sourcing run-rate demonstrated in past two quarters while would not chase market share at the cost of risk or profitability. Higher acquisitions from Tier-3 &...
Buy SBI Cards and Payment Services Ltd For Target Rs.1,260 - Yes Securities
Buy SBI Cards and Payment Services Ltd For Target Rs.1,260 - Yes Securities
Source: Yes Securities Ltd
9/06/2022 1:56:26 PM
SBI Cards gains on planning to raise Rs 2,500 crore via NCDs SBI Cards And Payment Services is currently trading at Rs. 785.00, up by 5.10 points or 0.65% from its previous closing of Rs. 779.90 on the BSE. The scrip opened at Rs. 780.00 and has touched a high and low of Rs. 788.15 and Rs. 780.00 respectively. So far 2741 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1164.65 on 01-Sep-2021 and a 52 week low of Rs. 710.85 on 13-May-2022. Last one week high and low of th...
SBI Cards gains on planning to raise Rs 2,500 crore via NCDs
SBI Cards gains on planning to raise Rs 2,500 crore via NCDs
Source: Accord Fintech
1/06/2022 9:46:57 AM
Buy SBI Cards and Payment Services Ltd For Target Rs.1,100 - Motilal Oswal Robust growth in spends; lower provisioning drives big earnings beat Margin contracts 80bp QoQ as Revolver mix moderates to 25% SBICARD reported a mixed quarter, with a miss in NII/PPOP, while net earnings delivered a significant beat, aided by a sharp decline in provisions. PAT grew 231% YoY to INR5.8b (MOSLE: INR4.5b). NIM contracted by 80bp to 13.2% in 4Q (v/s 14% in 3QFY22) due to a significant (-110bp) moderation in yields as the Revolver mix fell to 25% v/s 27% in 3QFY22. Trend...
Buy SBI Cards and Payment Services Ltd For Target Rs.1,100 - Motilal Oswal
Buy SBI Cards and Payment Services Ltd For Target Rs.1,100 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
4/05/2022 10:10:05 AM
Buy SBI Cards and Payment Services Ltd For Target Rs.1,260 - Yes Securities Strong performance despite further decline in Revolvers share Our view SBI Cards delivered a beat of 2% at PPOP level and 26% on earnings which was characterized by a) sustained strong traction in core business momentum (27% yoy growth in new card additions, overall spends/retail spends up 51%/40% yoy and 7% qoq/25% yoy growth in receivables), b) further decline in Revolvers’ share (declined to 25%, contrary to management guidance) and this impacting portfolio yield/NIM (down 140/...
Buy SBI Cards and Payment Services Ltd For Target Rs.1,260 - Yes Securities
Buy SBI Cards and Payment Services Ltd For Target Rs.1,260 - Yes Securities
Source: Yes Securities Ltd
2/05/2022 11:29:25 AM
SBI Cards and Pay Q4 net profit zooms 231.13% at Rs 580.86 cr The company reported standalone net profit of Rs 580.86 crore for the quarter ended March 31, 2022 as compared to Rs 175.42 crore in the same period last year, registering a year-on-year growth of 231.13 per cent. Net revenue of the company rose substantially by 23.46 per cent at Rs 2,850.31 crore in January-March quarter of this fiscal as against Rs 2,308.68 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 1.31 per cent to Rs 1,930.33 c...
SBI Cards and Pay Q4 net profit zooms 231.13% at Rs 580.86 cr
SBI Cards and Pay Q4 net profit zooms 231.13% at Rs 580.86 cr
Source: Dion Global Solutions Ltd
29/04/2022 4:40:26 PM
Buy SBI Cards and Payment Services Ltd For Target Rs.1,210 - Yes Securities Core trends encouraging; moderate MDR reduction baked-in Notwithstanding continuing overhang pending RBI’ discussion paper on review of the Digital Payment Charges, we reiterate our bullish stance on SBI Cards on sustained encouraging core trends across business matrices. Strong addition in Card Base has continued in recent months with softness in Jan covered-up in Feb-Mar. Overall Spends have been robust, even as the mix has normalized post the festive period. 30- day Spend active r...
Buy SBI Cards and Payment Services Ltd For Target Rs.1,210 - Yes Securities
Buy SBI Cards and Payment Services Ltd For Target Rs.1,210 - Yes Securities
Source: Yes Securities Ltd
11/04/2022 12:59:10 PM
Buy SBI Cards and Payment Services Ltd For Target Rs.1,210 - Yes Securities Velocity improves and asset quality normalizes, but competitive and regulatory risks stay Our view SBI Cards’ performance in Q3 FY22 was characterized by further pick‐up in business momentum/matrices, continuance of elevated cost‐income ratio and a material improvement in asset quality (accelerated write‐offs). Card acquisitions and spends were best‐ever, receivable accretion was strong yet again, revolver mix stabilized (likely troughed) and RE portfolio share halved, buoyancy in...
Buy SBI Cards and Payment Services Ltd For Target Rs.1,210 - Yes Securities
Buy SBI Cards and Payment Services Ltd For Target Rs.1,210 - Yes Securities
Source: Yes Securities Ltd
27/01/2022 9:56:58 AM
Buy SBI Cards and Payment Services Ltd For Target Rs.1,120 - Motilal Oswal In-line earnings; asset quality continues to improve Spending growth robust; revolve rate bottoms out * SBICARD reported in-line performance, characterized by sharp growth in spending (47% YoY), while PAT grew 84% YoY to INR3.86b (MOSLE: INR4b). PPOP grew 23% YoY, aided by steady revenue growth (5% beat). * Margins stood at 14% (14.1% in 2QFY22), and the management indicated the revolve rate has bottomed out. Retail and corporate spending grew robustly at 36% YoY and 93% YoY, respect...
Buy SBI Cards and Payment Services Ltd For Target Rs.1,120 - Motilal Oswal
Buy SBI Cards and Payment Services Ltd For Target Rs.1,120 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
25/01/2022 9:47:20 AM
Buy SBI Cards and Payment Services Ltd For Target Rs.1,400 - Yes Securities Normalization of growth and profitability soon * With card acquisition, spend growth, and asset quality matrices having reverted to BAU levels, the growth rate in CIF and receivables should improve over the coming quarters. SBI Cards expects a gradually recovery in revolvers’ share in receivables (following the spend increase), and this should lift portfolio yield, NIM and PPOP margin over the medium term despite sustained franchise investments. Significant provisions on 30+ dpd RE p...
Buy SBI Cards and Payment Services Ltd For Target Rs.1,400 - Yes Securities
Buy SBI Cards and Payment Services Ltd For Target Rs.1,400 - Yes Securities
Source: Yes Securities Ltd
8/01/2022 9:21:06 AM
SBI Card trades higher on raising Rs 650 crore through NCDs SBI Cards and Payment Services is currently trading at Rs. 908.45, up by 1.75 points or 0.19% from its previous closing of Rs. 906.70 on the BSE. The scrip opened at Rs. 910.00 and has touched a high and low of Rs. 914.35 and Rs. 900.25 respectively. So far 46815 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1164.65 on 01-Sep-2021 and a 52 week low of Rs. 830.00 on 24-Dec-2020. Last one week high and low of t...
SBI Card trades higher on raising Rs 650 crore through NCDs
SBI Card trades higher on raising Rs 650 crore through NCDs
Source: Accord Fintech
24/12/2021 3:33:37 PM
Buy SBI Cards and Payment Services Ltd For Target Rs.1,300 - Motilal Oswal Review of digital payment charges poses an overhang Assessing impact and risk mitigants; remain watchful of developments RBI proposed to issue a discussion paper in the next one month to cover aspects related to charges involved in various digital payment modes covering Credit Cards, Debit Cards, PPIs, UPIs, etc. This is with the intent to make digital transactions affordable to users and economically viable to providers. SBICARD has corrected ~9% over the past two days on fears of a re...
Buy SBI Cards and Payment Services Ltd For Target Rs.1,300 - Motilal Oswal
Buy SBI Cards and Payment Services Ltd For Target Rs.1,300 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
13/12/2021 9:18:18 AM
Buy SBI Cards and Payments Ltd For Target Rs.1,200 - ICICI Direct Long-term outlook remains intact About the stock: SBI Cards is a subsidiary of State Bank of India (69.3% stake) and is the second largest credit card issuer in India. * Market share in terms of cards issued is 19.4% and spends is 19.0% * High margin business with strong return ratios, +5% RoA and +25% RoE   Q2FY22 Results: Spends show meaningful pick up, slight niggle on margins. * Spends up 47% YoY and 31% QoQ at | 43560 crore * NII down 9.1% to | 919 crore, NIMs ...
Buy SBI Cards and Payments Ltd For Target Rs.1,200 - ICICI Direct
Buy SBI Cards and Payments Ltd For Target Rs.1,200 - ICICI Direct
Source: ICICI Direct Ltd
4/12/2021 9:58:23 AM
Buy SBI Cards and Payment Services For Target Rs.1,320 - ICICI Securities Spends growth remains primary thesis; higher costs to lower earnings throughput Q2FY22 performance of SBI Cards was directionally strong in terms of spends growth and asset quality along with better outlook ahead. However, growth and mix of receivables was weak while costs increased. Near-term expectations of elevated ‘cost to income’ ratio and lower NIM driven largely by mix lead to 1%/6% cut in FY22E/FY23E earnings. We remain positive on SBIC’s long-term fundamentals (P...
Buy SBI Cards and Payment Services For Target Rs.1,320 - ICICI Securities
Buy SBI Cards and Payment Services For Target Rs.1,320 - ICICI Securities
Source: ICICI Securities Ltd
27/11/2021 12:17:39 PM
Buy SBI Cards and Payment Services Ltd For Target Rs.1,350 - Edelweiss Financial Services Strongly positioned to shift gears SBI Cards (SBIC) posted an impressive Q2FY22 with PAT of INR3.5bn— up >60% YoY, indicative of stronger recovery trends. Rising spends momentum (up >30% QoQ), improving cards in-force (>4% QoQ), sustained investments and adequate provisions indicate that the company is well positioned for a further step-up. We view SBIC as a concept stock offering high-growth and high-returns by the only listed player of its kind for a foreseeable future....
Buy SBI Cards and Payment Services Ltd For Target Rs.1,350 - Edelweiss Financial Services
Buy SBI Cards and Payment Services Ltd For Target Rs.1,350 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
30/10/2021 11:54:11 AM
Buy SBI Cards and Payments Ltd For Target Rs.1200 - ICICI Direct Return to normalcy to propel business growth… About the stock: SBI Cards is subsidiary of State Bank of India (69.3% stake) and is second largest credit card issuer in India. * Market share in terms of cards issued is 19.2% and spends is 19.4% * High margin business with strong return ratios, +5% RoA and +25% RoE   Q1FY22 Results: SBI Cards reported a gradual pick-up in operational performance * Spends up 74% YoY but down 7.5% QoQ at | 33260 crore * NII up 10....
Buy SBI Cards and Payments Ltd For Target Rs.1200 - ICICI Direct
Buy SBI Cards and Payments Ltd For Target Rs.1200 - ICICI Direct
Source: ICICI Direct
13/10/2021 9:24:39 AM
Stock Picks - Buy SBI Cards and Payment Services Ltd For Target Rs. 1240 - ICICI Direct Technical Observations * The share price of SBI Cards has witnessed a breakout from six months consolidation range (|1139-883) signaling resumption of uptrend and fresh entry opportunity * We expect the stock to maintain positive bias head towards | 1240 levels in the coming weeks as it is the 138.2% external retracement of the recent consolidation range (| 1139-883) * The stock has taken 26 weeks of consolidation against 20 weeks of rally from | 770-1139. indicating shallow ret...
Stock Picks - Buy SBI Cards and Payment Services Ltd For Target Rs. 1240 - ICICI Direct
Stock Picks - Buy SBI Cards and Payment Services Ltd For Target Rs. 1240 - ICICI Direct
Source: ICICI Direct
1/09/2021 12:04:42 PM
Buy SBI Cards and Payment Services Ltd For Target Rs.1,200 - Motilal Oswal Steady performance; asset quality improves sequentially Card spends showing resilience; PCR healthy at 78% * SBICARD reported a steady 1QFY22, with a sharp beat in earnings, supported by lower provisions, as operating performance came in line. Overall spends/receivables witnessed a sequential decline due to the lockdown during Apr-May’21, while showing a gradual improvement from Jun’21 onwards. Margin too witnessed an expansion of ~160bp, led by an improving loan mix, while ...
Buy SBI Cards and Payment Services Ltd For Target Rs.1,200 - Motilal Oswal
Buy SBI Cards and Payment Services Ltd For Target Rs.1,200 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
20/08/2021 11:51:01 AM
Quote on SBI cards Q1FY22 result by Mr. Jyoti Roy, Angel Broking Ltd Below is quote on SBI cards Q1FY22 result by Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd    SBI Cards reported a 18.9% YoY degrowth in Net interest income for Q1FY22 to Rs. 924 crore on the back of 5% YoY growth in loan to Rs. 23,041 crore. Fee income for the quarter was up by 64.5% yoy to Rs. 1099 crore while operating expenses were up by 28.6% yoy. As a result pre provisioning profits were up by 4.1% YoY to Rs. 1056 crore. Provisionin...
Quote on SBI cards Q1FY22 result by Mr. Jyoti Roy, Angel Broking Ltd
Quote on SBI cards Q1FY22 result by Mr. Jyoti Roy, Angel Broking Ltd
Source: Angel Broking Ltd
24/07/2021 12:08:29 PM
Buy SBI Cards and Payment Services Ltd : Significantly better placed in covid 2.0 - ICICI Securities Buy SBI Cards and Payment Services Ltd For Target Rs.1,205 Significantly better placed in covid 2.0 We hosted the top management of SBI Cards, represented by Mr. Rama Mohan Rao - MD & CEO, Nalin Negi - CFO, Aparna Kuppuswamy - Chief Risk Officer, Girish Budhiraja - Chief Product & Marketing Officer and Manish Dewan - Chief Sales Officer. Overall estimated impact for Covid 2.0 is significantly lower than Covid 1.0 on account of better preparedness to manage all business functi...
Buy SBI Cards and Payment Services Ltd : Significantly better placed in covid 2.0 - ICICI Securities
Buy SBI Cards and Payment Services Ltd : Significantly better placed in covid 2.0 - ICICI Securities
Source: ICICI Securities Ltd
6/07/2021 11:24:28 AM
Buy SBI Cards and Payment Services Ltd For Target Rs.1,200 - Motilal Oswal Cashing in on the cashless surge! SBI Cards & Payment Services (SBICARD), with an outstanding card base of ~11.8m, offers a diverse product portfolio of premium, classic, shopping and travel, and exclusive and corporate cards to cater to individual and corporate needs.   Strong parentage + open market sourcing to enable robust growth: SBICARD has strengthened its position as the second largest card player in the country, with market share of ~19% in o/s cards and ~20% in ...
Buy SBI Cards and Payment Services Ltd For Target Rs.1,200 - Motilal Oswal
Buy SBI Cards and Payment Services Ltd For Target Rs.1,200 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
29/06/2021 9:31:37 AM
Key News - BEML Ltd, Covid-19 pandemic, SBI Cards and Payment Services Ltd, State Bank of India Ltd, Thyrocare Technologies Ltd by ARETE Securities Key News BEML privatisation: Panel to meet on Friday to finalise sale process The inter-ministerial group (IMG) will meet on Friday to finalise the draft request for proposal (RFP) and share purchase agreement (SPA) for privatisation of BEML. The document will give the shortlisted bidders clarity on the liabilities they will have to take on board. The IMG chaired by secretary of the Department of Investment and Public Asset Management (Dipam) will finalise the draft RFP and SPA. The pan...
Key News - BEML Ltd, Covid-19 pandemic, SBI Cards and Payment Services Ltd, State Bank of India Ltd, Thyrocare Technologies Ltd by ARETE Securities
Key News - BEML Ltd, Covid-19 pandemic, SBI Cards and Payment Services Ltd, State Bank of India Ltd, Thyrocare Technologies Ltd by ARETE Securities
Source: ARETE Securities Ltd
18/06/2021 8:44:29 AM
Key News - JB Chemicals & Pharmaceuticals Ltd, SBI Cards and Payment Services Ltd, Steel Authority of India Ltd, BPCL, Amara Raja Batteries Ltd, NSDL by ARETE Securities Key News JB Chemicals & Pharmaceuticals Q4 net profit jumps two-fold to Rs 101 cr Drug firm JB Chemicals & Pharmaceuticals on Monday reported a two-fold jump in consolidated net profit to Rs 100.81 crore for the quarter ended March 2021 on account of robust sales. The company had posted a net profit of Rs 50.07 crore for the corresponding period of the previous fiscal year, JB Chemicals & Pharmaceuticals said in a regulatory filing. Consolidated revenue from operations stood...
Key News - JB Chemicals & Pharmaceuticals Ltd, SBI Cards and Payment Services Ltd, Steel Authority of India Ltd, BPCL, Amara Raja Batteries Ltd, NSDL by ARETE Securities
Key News - JB Chemicals & Pharmaceuticals Ltd, SBI Cards and Payment Services Ltd, Steel Authority of India Ltd, BPCL, Amara Raja Batteries Ltd, NSDL by ARETE Securities
Source: ARETE Securities Ltd
15/06/2021 8:51:41 AM
SBI Card supports Gurugram administration in fight against Covid Credit card major SBI Cards and Payment Services has collaborated with the Gurugram administration in its fight against the pandemic. In a statement, the company said that it has pledged over Rs 2 crore to support the Gurugram administration by helping them with ventilators, BiPAP machines, test kits and ambulances for managing the Covid-19 situation. This collaboration is part of an ongoing national initiative by SBI Card, wherein the company is partnering with various administrations,...
SBI Card supports Gurugram administration in fight against Covid
SBI Card supports Gurugram administration in fight against Covid
Source: IANS
11/06/2021 4:15:32 PM
Buy SBI Cards and Payment Services Ltd For Target Rs. 1,205 - ICICI Securities Incrementally better placed for recovery Despite the covid impact, SBI Cards (SBIC) managed to clock flattish revenues in FY21 with improvement in spend / card market share from 17.9% / 18.3% in FY20 to 19.5/19% in FY21 (up to Feb’21, expected to improve in Mar’21). Considering the unique impact of lockdowns and consequent payment moratoriums in FY21, the elevated credit cost (11% in FY21) is expected to decline hereon. While the card addition, yield, spend and receivable mi...
Buy SBI Cards and Payment Services Ltd For Target Rs. 1,205 - ICICI Securities
Buy SBI Cards and Payment Services Ltd For Target Rs. 1,205 - ICICI Securities
Source: ICICI Securities Ltd
28/04/2021 10:22:41 AM
SBI Cards and Payment Services trades higher on reporting 2-fold jump in Q4 net profit SBI Cards and Payment Services is currently trading at Rs. 929.20, up by 10.10 points or 1.10% from its previous closing of Rs. 919.10 on the BSE. The scrip opened at Rs. 921.90 and has touched a high and low of Rs. 1035.20 and Rs. 911.00 respectively. So far 99265 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1149.00 on 24-Feb-2021 and a 52 week low of Rs. 495.25 on 22-May-2020. Last one week high and low of...
SBI Cards and Payment Services trades higher on reporting 2-fold jump in Q4 net profit
SBI Cards and Payment Services trades higher on reporting 2-fold jump in Q4 net profit
Source: Accord Fintech
27/04/2021 11:26:33 AM
Buy SBI Cards and Payment Services Ltd For Target Rs. 1,200 - Motilal Oswal Business growth tepid; elevated provisioning dents earnings Coverage ratio improves; retail spends up 13% YoY * SBI Cards and Payment Services (SBICARD) reported a weak quarter, with sequential decline in receivables/spending. On the other hand, margins declined ~130bp, affected by interest income. Fee income stood stable QoQ (+16% YoY) as spends declined 5% QoQ (+11% YoY). However, decline in opex led to stable PPoP. Retail spends remained higher v/s pre-COVID levels (~113%), while cor...
Buy SBI Cards and Payment Services Ltd For Target Rs. 1,200 - Motilal Oswal
Buy SBI Cards and Payment Services Ltd For Target Rs. 1,200 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
27/04/2021 9:16:42 AM
Buy SBI Cards and Payment Services Ltd : Play on monetisable payments growth - ICICI Securities Buy SBI Cards and Payment Services Ltd For Target Rs.1,205 With high growth, entry barriers and near oligopoly, we remain constructive on the Indian credit card business opportunity, and SBI Cards (SBIC) is one of the best placed pure play operators in this space. Rising digitisation, affluence and increasing consumer credit penetration provide sound business triggers. Already existing business and distribution share (SBIC has ~20% share of cards/spend/ POS) provide strong business moats. ...
Buy SBI Cards and Payment Services Ltd : Play on monetisable payments growth - ICICI Securities
Buy SBI Cards and Payment Services Ltd : Play on monetisable payments growth - ICICI Securities
Source: ICICI Securities Ltd
19/04/2021 10:10:14 AM