SBI Cards & Payment Services Ltd Share Price (SBICARD)

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.

SBI Cards & Payment Services to Pay Dividend of ₹2.50 per Share - 22 Mar, 2024

SBI Cards & Payment Services will pay a dividend of ₹2.50 per share on April 17th, with a yield of 0.4%. While the company is earning enough to cover the dividend, weak cash flows are a concern. However, earnings per share are forecasted to rise by 90.6% over the next year, and if the dividend continues at this rate, the payout ratio could be sustainable going forward.

SBI Cards Launches Co-Branded Credit Card with Titan Company - 21 Mar, 2024

SBI Cards and Payment Services Ltd has partnered with Titan Company Limited to launch the Titan SBI Card, offering over Rs 2,00,000 worth of benefits annually. The company reported an 8% rise in net profit in Q3FY24 and a return on equity (ROE) of 25.7%. SBI Card stock rose by 1.24% on NSE.

SBI Cards Declares Interim Dividend for FY23-24 - 20 Mar, 2024

SBI Cards and Payment Services Ltd announces an interim dividend of Rs 2.50 per equity share for the financial year 2023-24. The company's Q3 net profit rose by 8% YoY to Rs 549 crore, while its total income increased by 30% YoY to Rs 4,742 crore. SBI Cards shares are set to turn ex-dividend on March 28.

SBI Cards Declares Interim Dividend; Reports Q3 Results - 19 Mar, 2024

SBI Cards announces an interim dividend of Rs 2.5 per share for the financial year ending 2023-24, with a record date of March 28 and credit/dispatch by April 17. The company's Q3 results show a 30% increase in total income and an 8% rise in profit after tax. However, shares have underperformed with a negative 9% return YTD.

SBI Cards & Payment Services Allots Equity Shares Under ESOP - 18 Mar, 2024

SBI Cards & Payment Services has allotted 67,800 equity shares under ESOP, increasing the paid-up capital of the company from Rs. 9,50,90,07,190/- to Rs. 9,50,96,85,190/-.