SBI Cards Q1 Results: Profit down 5% YoY to Rs 593 crore
SBI Cards and Payment Services, which are promoted by the State Bank of India, witnessed a 5% decrease in its net profit to INR5.93bn ($79.5m) in the June quarter due to an increase in delinquencies. The company reported a net profit of INR6.27bn in the same period last year.
