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As the first woman to lead SBI Cards, her appointment marks a significant milestone in the company's history and reflects the increasing role of women in leadership positions within India’s banking sector.
The decline in PAT was primarily driven by a 49% increase in impairment on financial instruments, which amounted to ₹1,313 crore in Q3 FY25, up from ₹883 crore in the same period last year. Despite the decrease in profit, SBI Cards experienced growth in key business metrics.