Best of BS Opinion: A strategic embrace, beyond the popular vote, and more

The credit card arm of State Bank of India has reported a 46 per cent decline in net profits in the second quarter because of higher provisioning. Clearly, it expects a sharp jump in defaults. But the problem of bad loans will not remain limited to credit cards. Although the true picture will only […]

SBI Cards slips 15% in 2 days on asset quality concerns; should you sell?

Investors offloaded shares of SBI Cards and Payment Services at the bourses on Friday, after the asset quality of the credit card arm of State Bank of India (SBI) took a hard knock in September quarter of FY21 (Q2FY21). In the early morning deals, the stock tumbled 10.6 per cent to hit a […]

SBI Cards m-cap inches closer to half of entire SBI’s market cap; share price hits new 52-week high again

SBI Cards share price has surpassed the previous high of Rs 895 apiece touched yesterday SBI Cards and Payment Services share price hit a new 52-week high of Rs 918.60 apiece, gaining nearly 3 per cent on BSE in an otherwise weak trade on Thursday. The stock price has risen for the second consecutive day. […]

SBI Cards share price hits fresh 52-week high on festive season offers; should you buy?

SBI Cards and Payment Services share price hit a fresh 52-week high of Rs 891.95 apiece on BSE, rising 4.18 per cent on Wednesday. The company on Tuesday, announced festive season offers ranging from fashion and lifestyle to electronics to travel. The stock has surpassed its previous high of Rs 867.50 touched on September 14, […]