SBI Cards & Payment Services Ltd Share Price (SBICARD)

SBI Card Launches Travel-Centric Credit Card; Profit Expected to Drop in Q4 FY24 - 24 Apr, 2024

SBI Card has launched its first travel-centric core credit card, SBI Card MILES, offering conversion of travel credits to air miles and hotel points, accelerated rewards, and airport lounge access. However, the company is expected to report a drop in Q4 FY24 profit due to an increase in provisions.

SBI Card's Credit Cost Higher Than Parent SBI - 12 Apr, 2024

SBI Cards & Payment Services Ltd, a subsidiary of State Bank of India, has reported a credit cost higher than its parent bank due to high default rates on unsecured loans despite the high interest rates charged.

Experts Suggest Short-Term Buy for SBI Cards & Payment Services - 10 Apr, 2024

SBI Cards & Payment Services has fallen over 20% from its highs but a breakout from a falling wedge formation on the daily charts suggests room for further upside. Short-term traders can look to buy the stock now for a target of Rs 770-830 in the short term.

Anand Rathi Recommends Buy on SBI Cards & Payment Services - 08 Apr, 2024

Anand Rathi has recommended a buy call on SBI Cards and Payment Services with a target price of Rs 840. The company reported a standalone total income of Rs 4741.60 crore, up 12.32% from the last quarter and up 29.69% from the same quarter last year. Promoters hold 68.75% stake in the company.

SBI Cards Plans to Raise Capital Through Bonds & NCDs - 28 Mar, 2024

SBI Cards plans to raise up to Rs 2,000 crore through Tier-II bonds and non-convertible debentures to shore up capital adequacy and support business growth. The company also declared an interim dividend of Rs 2.50 per equity share.