Sbi cards Results and It's Credit card profile ;; worrying reports
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PAT down 32%
Capital cost up 30%
GNPA up 60+%
NIM down 300 basis points
Market share in both spends and no of cards drop
Reason - changing customer behavior - Rbi increased risk - increased spread - geographic shift from tier 1 cities - low ticket size - Not able to attract high spending premium card users
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hehe lets wait and watch but SBI cards "is kinda in my opinion" is too big to fall
so yes temporary set backs
so have to wait and see on further developments
Who is talking about failure --- and failure too is subjective to definition.... It's already failed acc to one and still not for many
It's not about serving it's goal in right time at right resources which is already the case
I got SBI Card in IPO and carried it along until last year.
I sold it off in Muhurat Trading of 2023 in very less profit and the reason was, I didn't even believe in them being a customer myself, so, didn't want to keep it as well. Infact, I offloaded one more stock which I didn't believe in and sold at minor profit in the same session of Muhurat Trading and that was Vodafone Idea.
they just need to shut the cashback card down, have one, whenever they make me close it, will add stock to portfolio
I got sbi cards in ipo, later added 30times of ipo alloted shares at its life time low... Sold all of them when it crossed 1K.... Waiting for this fall to make re-entry... Will catch this and ride along like last time.
How much was it when you bought 30 times
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