Analysts at Credit Suisse expect retail loan delinquencies at 5-10 per cent for private banks and 9 - 12 per cent for NBFCs
Here's a selection of Business Standard opinion pieces for the day
If Covid-19 causes a fresh havoc to government-bank finances, it could be back to the old story of large-scale losses prompting further capital infusion by the government, writes T N Ninan
The company saw its impairment losses and bad debts rise 162 per cent in Q2FY21 to Rs 862 crore, compared to Rs 329 crore in the same period last financial year
Interest income of the company grew 10 per cent to Rs 1,275 crore in the reporting quarter, compared to Rs 1,162 crore in the corresponding quarter last financial year
All that happened in the markets today
FPI holding in SBI Cards increased to 5.93 per cent in September quarter from 4.23 per cent at the end of June quarter
The stock surpassed its previous high of Rs 867.50, hit on September 30, 2020
Previous top on the daily charts is placed at 11,794, which is likely to provide support to the index
As SBI Card is the largest pure credit-card issuer in India, analysts expect the company to grow faster than the sector average
SBI Cards is the second-largest credit card issuer in India.
Annual operating profit of Rs 60,000 crore good enough to absorb any increase in provisioning, while high growth potential subsidiaries to drive valuations
he debentures offer coupon rate of 5.75 per cent and will mature on November 17, 2023
SBI Card and IRCTC launched a co-branded card on RuPay platform for secure and fast transactions
While Q2 will reflect the real asset quality picture, focus on non-discretionary spends, strong customer sourcing support to aid business
These funds may be raised in one or more tranches, the company said
The stock has rallied 6% to Rs 794.50 on the BSE, and is trading at the highest level since its listing on March 16, 2020.
Card spends during the June quarter fell to Rs 19,085 crore as against Rs 30,174 crore in the same period of 2019-20, SBI Card said in a release
One step at a time is the strategy to follow and better to timely book profits in the rally. Traders are advised to keep following stock specific moves and the base now remains at 10,660 - 10,560
The stock was trading higher for the second straight day, up 3 per cent at Rs 738, on the BSE on Friday. It has surged 7 per cent in the last two days on the back of heavy volumes