Spends outlook steady; AQ pain to continue in the near term

Company
04 Dec 2024
5 Min read 
  • SBI Cards (SBICARD) met with top management team to discuss industry outlook.
  •  Retail spends to grow at steady 20-22%; O/s cards to grow at 15-16%.
  •  Margins under pressure due to systemic factors and festive season spending.
  •  Structural shift towards digital transactions with RuPay Card expansion.
  •  Sourcing mix to tilt back with banca channel at 50-55%.
  •  Asset quality stress lingers; credit costs to remain elevated in the near term.
Login / Open Demat Account to read the report

Never Miss Out on Hot Market Updates

Get exclusive market news delivered to your inbox - on priority

Click here to see your activities