Confident that SBI Card NIM will stabilise over the next two quarters: MD

SBI Card’s Rama Mohan Rao Amara, assures that despite a higher credit cost of 77 bps quarter on quarter, SBI Card will continue to operate within the tight range of 5.8-6.2%. Actions have been initiated to reduce delinquencies within the legacy portfolio, which will reflect in the following quarter. Adjusting for the one-time adjustment to model estimates that increased Q4 by 20 bps, the credit cost is 6.1%, similar to that of the past.