SBI Card Q3 Profit rises 32% to ₹509 crore, bad loans decline
According to a regulatory filing, the company's overall income increased slightly to ₹3,656 crore for October-December 2020, up from ₹3,140 crore the previous year.
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According to a regulatory filing, the company's overall income increased slightly to ₹3,656 crore for October-December 2020, up from ₹3,140 crore the previous year.
When they release their September quarter profits today, Maruti Suzuki, Dr. Reddy's Lab, JSW Energy, Bandhan Bank, Tata Power, and Blue Dart Express will be in the spotlight.
SBI Cards and Indus Towers will release their quarterly results on Thursday, October 27. Sony India and Zee Ent plan to sell three Hindi channels in order to combat anti-competitive behaviour.
A 5% plummet is seen in SBI Cards shares as fears loom around merchant discount rates on credit card transactions being regulated by the RBI.
Stocks of SBI Cards rose by 3% to ₹842.60 per equity share against the previous close at ₹814.90 per share, in today’s early trade.
The return on average assets (ROAA) stood at 5 per cent during the third quarter against 3.3 per cent in the same period last year.
SBI Card ltd. announced on Friday that it has partnered with Delhi Metro Rail Corporation (DMRC) to launch contactless Delhi Metro SBI Card. SBI Card will have access to 100 metro stations across Delhi and NCR and can be availed at an annual fee of Rs 499.
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