Management as guided 1 million new card acquisition this FY and also I am very bullish as I track its monthly spends https://www.technofino.in/community/threads/credit-card-data-june-2023-total-spends-total-active-credit-cards-etc-rbi.15600/ and also its market share, it is gaining market share, also some BNPL are shutting down due to some regulations and also many new age credit cards such as cards with tie up from SBM bank are losing customers due to funding winter, so cost of acquiring customers and excessive rewards shall be mitigated which is really nice, SBI cards cost of funding has also reached its peak and it shall reduce from FY25 onwards if RBI starts lowering rates.
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