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4 mins read

Bigger they are, harder they fall – A look at how the country’s biggest IPOs have fared

Hyundai Motor India is raising funds through an IPO, the country’s biggest IPO so far. There have b…

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1 min read

SBI Card Q3 profit rises 8 pc to ₹549 crore

Total operating cost increased by 23 per cent at Rs 2,426 crore for the third quarter of FY24…

PTI   


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3 mins read

RBI crackdown on personal loans – Bajaj Finance, IIFL, Aditya Birla and SBI Cards to take a bigger hit, say analysts

Reserve Bank of India’s crackdown on personal loan disbursals by banks and non-banking finance comp…

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3 mins read

RBI tightens norms on personal loans for banks and NBFCs; stocks to be under pressure

​​Shares of SBI Cards, RBL Bank, HDFC Bank and ICICI Bank are expected to come under pressure after…

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3 mins read

SBI Card doubles its profit as its customers increase spends by 80% – but FY23 off to a slow start

SBI Card, the second largest credit card issuer in India, reported a 106% year-on-year increase in …

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2 mins read

SBI Card profit gets squeezed by bad loans, impairment charge, and a big provision for COVID-19

SBI Cards and Payment Services today posted its Q4 earnings (January-March 2020), revealing a fall …

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5 mins read

SBI Cards is down as Carlyle dumps shares but the credit cards business is bouncing back

SBI Cards share price fell by over 4% on Tuesday (September 21) after US-based private equity firm,…

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3 mins read

India's largest bank's profit spikes thanks to SBI Cards share sale⁠— bad loans are under control

India’s largest bank, the State Bank of India (SBI), posted a profit of ₹3,480.81 crore for the f…

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3 mins read

SBI Card reported an increase of 14% in its profits, while its active credit cards increased by 20%

SBI Card reported a 14% increase in profit in the quarter ended June, along with a 20% increase in …

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7 mins read

The dark truth behind RBI’s crackdown on easy personal loans

The Reserve Bank of India tightened capital norms for lenders disbursing unsecured loans to unsuspe…

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4 mins read

Axis Bank may soon become the third largest credit card player after HDFC Bank and SBI post the Citibank deal

Axis Bank may soon join the top league, at least in the credit card space, after one of the biggest…

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3 mins read

Profitable stocks in last one month—Lemon Tree, CG Power, Balaji Amines Limited, SBI Card

But, these following stocks have stood out with its stellar rally in the past month — and here’s…

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3 mins read

SBI piles on profit and provision with cash from selling stake in insurance business⁠— bad loans drop

India’s largest lender, the State Bank of India (SBI) continues to soar through the green with a 81…

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3 mins read

SBI Card share price has surged by 20% in July so far as India’s second largest credit card issuer beats lockdown blues

The SBI Card share price hit a low of ₹495 in May. However, since then, it has shown an upward t…

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3 mins read

SBI Card has surged 40% as lockdown blues blow over ⁠— but those who got shares in the IPO are still in the red

SBI Card was touted as a blockbuster initial public offering (IPO), but those who got shares allott…

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4 mins read

Just like SBI, ICICI Bank has created a cash cushion in case bad loans rise

ICICI Bank has been busy raising capital in the month of June and this will not only help boost its…

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3 mins read

E-commerce sales likely to drive credit card spends in September even as active cards decline

Rising inflation has dampened overall credit card spends in August, but experts say they will bounc…

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3 mins read

Pandemic to push credit card transactions further: SBI Card CEO

"After demonetisation, cash was converted into digital (money/ transactions)...even if I get 5 per …

PTI   


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Banks to reap rewards of interest rate hikes in Q2 earnings

The Indian banking sector is expected to report strong growth in net interest income, margins and l…

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3 mins read

SBI Cards lists on the worst possible day and its stock slips 13% on debut

This is a rude shock for those who has received the allotment and were waiting with bated breath…