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Cut in earnings expectations, valuations to cap upside in SBI Card
Business Standard
|October 28, 2025
SBI Card and Payment Services’ (SBI Cards) Q2FY26 earnings were lower than consensus, due to high provisioning and high operating expenses.
Credit costs moderated sequentially though they remained high (net credit costs at 7.7 per cent versus 8.5 per cent in Q1FY26; 8.1 per cent in FY25). New card acquisitions and cards-in-force (CIF) growth were subdued (up 3.5 per cent and 9.8 per cent year-on-year or Yo-Y, respectively). This was a mixed result with improvement in some metrics offset by deterioration in others.
Cette histoire est tirée de l'édition October 28, 2025 de Business Standard.
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