SBI Cards and Payment Services: Recovery Pushed Back Further. Maintain ADD
SBI Cards’ (SBICARD) Q4FY24 earnings were ahead of our estimates, largely due to lower opex on account of lower corporate spending
247 Views
SBI Cards and Payment Services - Recovery Pushed Back Further. Maintain ADD
SBI Cards’ (SBICARD) Q4FY24 earnings were ahead of our estimates, largely due to lower opex on account of lower corporate spending
263 Views
SBI Cards and Payment Services: Gravy Train Derailed, Downgrade to ADD
SBI Cards (SBICARD) missed estimates on account of higher-than-anticipated provisioning (8.1% of receivables) and higher cost of funds (+50bps QoQ)
329 Views
Leveraged Financials: Emerging Long-Tail Risks in Unsecured Credit
India’s heterogenous unsecured retail credit market (US$160bn, 3-year CAGR at ~23%) has been in the headlines ever since the RBI clamped down on...
454 Views
BFSI Sector Update - RBI Regulation on Risk Weight
As a part of the circular, the RBI has announced an increase in risk weight to 125% from the current 100% for all consumer credit exposure of...
541 Views