| – | No. 1 position in net card additions in FY23 |
|---|---|
| – | GNPA: 2.22%, NNPA: 0.8% |
| – | 1 million net card addition in Q3FY23. |
| – | 33% yoy growth in receivables. |
| – | 8% growth in retail card spends. Online spend increasing. |
| – | New accounts & corporate spends have also increased. |
| – | Average receivable per card has reduced. |
| – | SBI Card has partnered with Punjab & Sind Back to expand portfolio and is looking at other opportunities. |
| – | It is expected that cost of funds would increase by ~30-40 bps, in Q4 FY23. This would be largely off-set with the judicial pricing of new loan disbursals. |
| – | With the festive season behind, the company is expecting the cost to income ratio to decline, going forward. Credit cost will be below 6%. |
| – | They expect net interest margin to expand, going forward, with higher focus on the EMI lending as it yields a better margin. |
| – | Revenue growth/Earnings Growth: 20% growth in revenue for the next few quarters. |
| – | Expect revolver rate to expand. This is a good thing which means that customers will start paying more which will reduce receivables. |
| – | Want to maintain net additions of card 300,000 per month which they have maintained for the last few months and are planning to maintain for next quarters. Quarterly 1 million they want to maintain for net additions |
| Subscribe To Our Free Newsletter |
