Page 3 - Sbi Card
SBI Card, Delhi Metro jointly launch contactless multi-purpose card
The unique combo credit card 'Delhi Metro SBI Card' is thoughtfully designed for regular commuters on the Delhi Metro, SBI Card said in a release
 "SBI Card, Delhi Metro jointly launch contactless multi-purpose card")
SBI card reports 46% decline in net profit at Rs 206 crore in Sept quarter
However, its total income during July-September 2020 rose 6 per cent to Rs 2,513 crore as against Rs 2,376 crore in the year-ago period, SBI Card said in a release
 "SBI card reports 46% decline in net profit at Rs 206 crore in Sept quarter")
BBB recommends Swaminathan Janakirman, A K Tewari for MD posts at SBI
A K Tiwari has been serving as the managing director and chief executive at SBI Card since August 1, 2020.
 "BBB recommends Swaminathan Janakirman, A K Tewari for MD posts at SBI")
We've been trying to shift firms to B2B payments: SBI Card MD & CEO
Since June, we have been on an upward trajectory, however, we are still not at pre-Covid levels. But we are getting there, said MD Tewari
 "We've been trying to shift firms to B2B payments: SBI Card MD & CEO")
SBI Card to enrol 'delinquent' customers in restructuring plans: MD
SBI Card is in the process of enrolling "delinquent" customers, who did not repay after the end of moratorium, in the RBI restructuring scheme or its own repayment plan to provide them more time for repayments, a top company official said. Due to the moratorium, a number of customers had not been paying for the first three months and the company treated them as standard accounts in line with the entire industry. However, since then, as the first moratorium ended, SBI Card made it a customer-led enrolment in the second moratorium in which a lot of customers did not enrol, SBI Card Managing Director & CEO Ashwini Kumar Tewari said. "Therefore, we had a large chunk of customers who came out of the moratorium. A lot of them paid up but many of them did not pay also. And these became what we call as more delinquent customers. "So with these delinquent customers, we are now working to enrol them either into the RBI restructuring scheme or our own repayment plans so that they get more ...
SBI Cards posts 1% drop in Q1 PBT at Rs 528 cr, net profit rises 13.8%
Spend per card fell sharply to Rs 72,000 in QFY21
 "SBI Cards posts 1% drop in Q1 PBT at Rs 528 cr, net profit rises 13.8%")
SBI Card & Payment Services standalone net profit declines 66.41% in the March 2020 quarter
For the full year, net profit rose 43.91% to Rs 1244.82 crore in the year ended March 2020 as against Rs 864.97 crore during the previous year ended March 2019
SBI Card and Payment Services Q4 profit slips 66% YoY to Rs 83.5 crore
Gross non-performing assets (GNPA) improved by 43bps to 2.01 per cent, the company said.
SBI Card Q4 PAT tumbles 66% on Covid-19 provisions
SBI Card's net profit jumped 43.9% to Rs 1244.82 crore on a 33.8% rise in total income to Rs 9752.29 crore in the year ended March 2020 (FY20) over the year ended March 2019 (FY19)
In a locked-down world, investment bankers ensuring the show goes on
Billion-dollar deals aplenty for right business
 "In a locked-down world, investment bankers ensuring the show goes on")
SBI Cards lists 12% below issue price of Rs 755; recovers later
The stock saw a weak debut due to prevailing market condition as the uncertainty regarding the effect of the coronavirus epidemic continued to keep investor sentiment in check.
 "SBI Cards lists 12% below issue price of Rs 755; recovers later")
SBI Card IPO: YES Bank clients asked to pay using different bank account
Nearly Rs 1,500 crore worth of bids in the IPO have come from YES Bank accounts
 "SBI Card IPO: YES Bank clients asked to pay using different bank account")
SBI Cards IPO subscribed 26 times despite tough market conditions
The 100-million share offering generated close to 2.7 billion bids
 "SBI Cards IPO subscribed 26 times despite tough market conditions")
SBI Cards IPO: Why analysts suggest subscribing despite rich valuation
Siddharth Purohit of SMC Global Securities believes that given the stable RoE of 30% valuation, in terms of P/E ratio is likely to come down to 31x and 22x in FY21 and FY22, respectively from 43x.
 "SBI Cards IPO: Why analysts suggest subscribing despite rich valuation")
 "Many SBI debit cards will expire in Jan 2020: Here's how to upgrade")
SBI Card slashes fuel surcharge to 1%
SBI Card is a joint venture between State Bank of India and GE Capital
 "SBI Card slashes fuel surcharge to 1%")
Letters: An ill-conceived move
What is so sacrosanct about this magical figure of just Rs 2,000?
SBI card bill payment of Rs 2,000 by cheque to cost you Rs 100 more
The fee kicks in from April 1
 "SBI card bill payment of Rs 2,000 by cheque to cost you Rs 100 more")
SBI Card looks to increase biz flow from co-branded cards
Aims to grow share in business to 33% by 2020 from 15% now
 "SBI Card looks to increase biz flow from co-branded cards")
