I exited yesterday after holding for a year with minor losses.
I am very very bullish on credit cards. It is a secular theme and will have double digit growth for years to come. But Somehow SBI CC tested my patience. Credit cost is increasing consistently for 5-6 quarters. Turnaround may come but till asset quality doesn’t show improvement I am out of this counter. They are also loosing market share as well on top of increasing GNPA. I wish there there were other pure play CC companies.
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