SBI Card's credit costs pinch Q3 earnings; analysts in wait-and-watch mode

Quick Summary:

Its customer information file (CIF) base increased 10 per cent year-on-year (Y-o-Y) to 20.2 million, with marginal improvement in market share at 18.7 per cent.

In Q3FY25, SBI Card’s credit costs inched up to 9.4 per cent, from 9 per cent in Q2FY25, with write-offs at 9.8 per cent.

The management has alluded to decline in flow rates in delinquencies during Q3FY25 and expects credit costs to moderate from these levels.

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Category: BusinessFinance

Markets: IndiaMali

Topics: Sbi card q3 results Sbi card share news today Sbi card news Sbi card share price Sbi card results Sbi card share news Business standard Sbi card Sbi card share price result Sbi card share price today Sbi card share price nse Sbi card share price target 2025 Sbi card share price target

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Article Type: News Report

Published On: 2025-01-29 @ 11:51:22 (2 days ago)

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News Source URL: business-standard.com

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