SBI Cards Q2 profit jumps 75% YoY to Rs 778 crore as bad loan costs fall sharply
60-Word AI Digest
SBI Cards reported a 75% year-on-year profit increase to Rs 778 crore in Q2 FY27, driven by lower credit costs and improved asset quality. However, corporate card spending declined, receivables contracted, and net interest margins narrowed.
Key Takeaways
- SBI Cards reported a 75% year-on-year profit increase to Rs 778 crore in Q2 FY27, driven by lower credit costs and improved asset quality.
- However, corporate card spending declined, receivables contracted, and net interest margins narrowed.
- Full details and original dispatch available below.
SBI Cards reported a 75% year-on-year profit increase to Rs 778 crore in Q2 FY27, driven by lower credit costs and improved asset quality. However, corporate card spending declined, receivables contracted, and net interest margins narrowed.
Original Publisher Attribution
This summary was curated from Economic Times.