SBI Cards’ stock is showing all signs of a good largecap multibagger in the making, with the “x” factor being “linking of credit card to UPI” which I believe is going to be a gamechanger for the company. Although the company does not earn any fee income on low ticket transactions up to Rs. 2000 through UPI, this will be more than offset by sheer volume of higher usage of credit card for regular day to day needs resulting in higher percentage of revolver credit. This is my hypothesis, insight, etc. it remains to be seen what the future holds and time will tell whether I am right or wrong, but these are exciting times for investors who invest in the Indian growth stories!!
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