SBI Cards : Sign of Future!!

Looking at HDFC Bank Q4 confcall transcript analyses. One key point was discretionary spending on cards is effecting total spending. This do not bode well for companies like SBI cards where not only spending goes down but it will hit the profit as well due to late payment and increase of NPA in certain cases.

Discretionary spending on decline : Trouble times ahead for banks and especially listed SBI cards
Source tip: Analyst mohalla

Also Read : SWOT analysis : SBI Cards

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