SBI Cards and Payment Services (Initiating Coverage): Top-of-the-crest play. BUY
We initiate on SBI Cards with BUY and RI-based target price of INR1,100. SBI Cards and Payment Services (SBI Cards), India's second largest...
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Review of digital payment charges poses an overhang
RBI proposed to issue a discussion paper in the next one month (link to RBI statement) to cover aspects related to charges involved in various...
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Payment Companies – Focus on Value and Growth
A number of payment fintechs, after the recent market slide, are trading at attractive valuations again; we like Mastercard, SBI Card, Pagseguro,...
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2022 High Conviction - Kakao Bank - A Long Way to Go
Kakao Bank (KB) is South Korea’s largest digital bank. It's a subsidiary of Kakao, which holds a 27.3% stake post listing.
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SBI Cards and Payment: Return to Normalcy to Propel Business Growth
SBI Cards is subsidiary of State Bank of India (69.3% stake) and is second largest credit card issuer in India. Market share in terms of cards...
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