Why SBI Cards is banking on a festive boost2 min read 02 Oct 2022, 10:13 PM IST
Investors would do well to evaluate whether the profitable segments such as revolver mix are rebounding.
SBI Cards and Payment Services Ltd’s credit card spends in August rose by 1.2% month-on-month (m-o-m), according to the latest data from the Reserve Bank of India (RBI). This comes at a time the industry’s credit card spends have dropped by 3% m-o-m.
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