I personally have only few worried is not taking bold steps to have higher growth.
As a investor we should always need to know sbi card will rarely outperform the credit card market will loose market share at a very slow rate.
The biggest competition according to me is hdfc and axis as incase of icici the overall numbers can be huge but just talk to any credit card enthusiast other then amazon credit card other mid to premium cards are not competitive and people rarely prefer them and most just have there basic credit card that affect there average bill per card.
Just looking at sbi cards the only reason I personally Invested is that there is no better alternative for credit card stock.
We should accept around 1-2% less growth in revenue of sbi cards against credit card average that would be more realistic but it still more then 20%.
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