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    SBI Card getting back on track. What lies ahead?

    SBI Cards is a subsidiary of India’s largest PSU Bank, State Bank of India. SBI held a 69.64% stake in SBI Cards at the end of the June 2022 quarter.

    Synopsis

    The Indian economy is rapidly evolving and adapting to new and improved technologies to make life easier. The move to a cashless and digital economy is one such adaptation. UPIs, debit cards and credit cards are the most commonly used payment methods that will benefit banks and card companies enormously.

    The asset quality of SBI Cards deteriorated in 2021 on account of the lockdowns due to the pandemic. The resumption of economic activities helped the company get back on track. The trend in asset quality is one of the most important factors that needs to be watched in the coming quarters in this segment. The Indian economy is rapidly evolving and adapting to new and improved technologies to make life easier. The move to a cashless and digital
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