Page 6 - Sbi Cards

NSE removes Vedanta from its indices ahead of possible delisting

The stock will be replaced by HDFC Life Insurance Company with effect from July 31. It will be replaced by SBI Cards in the Nifty 100 and Nifty 500 indices

SBI Cards hits 12-week high on heavy volumes, zooms 28% in a month

SBI Cards made its stock market debut on March 16, 2020

Despite lockdown, SBI Card reports daily spends at over Rs 175 cr in May

Top online categories were departmental stores and groceries (D&G), utilities and services, while top point of sale categories were D&G, fuel, electronics, health and wellness

SBI Cards and Payment Services slips 9%, hits new low since listing

The RBI commentary indicates that the stress in the economy on both demand and supply is likely to continue.

Carlyle Group to buy 74% in SeQuent Scientific for over Rs 1,500 crore

The transaction is being done through an equity purchase stake that values each share at Rs 86.

Covid-19 impact: SBI Cards' pre-tax profit dips 71% to Rs 112 cr in Q4 FY20

Had it not been for Covid-19 impact, the company would have reported a sharp 80 per cent year-on-year jump in its pre-tax profit to Rs 692 core.

Market Ahead, May 8: All You Need To Know Before The Opening Bell

A total of 13 companies, including SBI Cards and Shree Cements, are scheduled to announce their March quarter results today

Covid-19: Average card spend falls 25% as shopping, travel take back seat

With malls and shops closed, spending avenues are practically non-existent.

Low consumption deepens SBI Cards' woes as Covid-19 lockdown gets extended

Worsening business conditions and sell-off by anchor investors have taken the stock southward

Top headlines: How RBI's MPC panel scrambled to help the economy

Business Standard brings to you the top headlines of the day

SBI Cards slips 13%, hits new low; stock down 32% from issue price

Post listing, mutual funds have increased their stake in SBI Cards to 3.04 per cent from 1.6 per cent

LIC in the time of coronavirus: A question mark now on the mega IPO

The listing of LIC is being thought when it is still a pre-dominant player in the sector. This is just like in the case of the State Bank of India in 1993

Coronavirus scare: SBI Cards drops 10% on debut, HNIs lose Rs 200 per share

The weak trading debut contrasted the stellar demand seen during SBI Cards' Rs 10,300-crore IPO earlier this month

Market Wrap, March 16: Sensex tanks 2,713 pts, Nifty ends at 9,199

All the sectoral indices ended with deep cuts. Nifty Bank index tumbled 2,087.50 points or over 8 per cent to 23,079 levels

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 IPO: Allotment of shares finalised, steps to check status

The SBI Cards IPO is one of the largest share sale in recent times, both in terms of size and oversubscription

Price of leadership

SBI's YES Bank investment raises questions

Yes Bank's rescue math: SBI Cards share sale can fund the revival

Lender mopped up Rs 2,800 crore from the share sale

YES Bank fallout: SBI Cards may see some negative impact on listing

A plan to infuse capital in YES Bank where it continues to function as a separate entity just like LIC investing in IDBI Bank, would be a big positive for all the concerned stakeholders, analysts say

SBI Cards IPO subscribed over 15 times despite turmoil in secondary market

At the top-end, the stock is valued at 46x its earnings for the first nine months of 2019-20.