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Brokerages bullish on SBI Card on expectation of credit cost moderation

Business Standard LogoBusiness Standard1d ago

Brokerages bullish on SBI Card on expectation of credit cost moderation - Business Standard

Quick Summary:

Credit cost of the company rose to as high as 9 per cent in Q2FY25 from 5.

Further, SBI Card has seen a gradual rise in the share of business from metro regions since FY23, with the “share of top eight metro cities in new sourcing increasing.

The main reason for the increased credit cost is the inability of customers to repay due to challenges in cash flow and rising leverage.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-06 @ 17:54:34 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 527 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24915603

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About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 314 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 6 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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The story "Brokerages bullish on SBI Card on expectation of credit cost moderation" was covered 1 days ago by Business Standard, a news publisher based in India.

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