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Investment Rationale The brokerage believes SBIC has strong moats to support robust long-term growth and aid gains in market share moving forward. It maintains BUY recommendation on the stock with a revised target price of Rs 1,240/share (45x FY23E EPS), implying an upside of 10\% from CMP.
What is the future of SBI card?
Analysts at Motilal Oswal expect SBI Cards to report earnings CAGR of 47\% over the next two fiscal years, with superior RoA/RoE of 6.6\%/28.4\% by 2023. “Asset quality would remain under pressure with a higher proportion of the book under restructuring.
Is investing in SBI card good?
Investment Rationale With high growth, entry barriers and near oligopoly, the brokerage remains constructive on the Indian credit card business opportunity, and SBI Cards (SBIC) is one of the best placed pure play operators in this space.
Why SBI Cards share is increasing?
SBI Cards’ spend rate has reached pre-COVID levels (more than 100 per cent in retail spends), while it has gained 50bp market share in outstanding cards. “We believe a gradual uptick in the economy, along with a higher mix of online/retail spend, would accelerate the growth momentum,” the brokerage firm said.
What is the target price for SBI?
SBI share price: Buy State Bank of India, target price Rs 560: Edelweiss – The Economic Times.
Who is the owner of SBI Card?
State Bank of India
SBI Card/Parent organizations
SBI Card, launched in October 1998 in New Delhi, is a joint venture between the State Bank of India and GE Capital. Incorporated as SBI Cards and Payment Services Private Limited, SBI Card is headquartered in Gurgaon, Haryana.
What is the market share of SBI card?
SBI Cards and Payment Services is a subsidiary of State Bank of India (69 per cent stake) and is the second largest credit card issuer in India with 19 per cent market share (as of December 2020) in terms of spends and number of cards.
Who is the promoter of SBI Cards?
In December 2017, State Bank of India and The Carlyle Group. acquired GE Capital’s stake in the Company….SBI Card.
Type | Non-banking financial company |
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Website | www.sbicard.com |
Is SBI card a midcap?
With a market-capitalisation (m-cap) of Rs 1.02 trillion, State Bank of India-arm SBI Cards and Payment Services on Friday stood at 34th position in the overall m-cap ranking, BSE data showed. The firm’s m-cap is now more than that of Tata Motors, Shree Cement, and JSW Steel.
Does SBI give dividend?
For the year ending March 2021 State Bank of India has declared an equity dividend of 400.00\% amounting to Rs 4 per share. The company has a good dividend track report and has consistently declared dividends for the last 5 years.