Sensex and Nifty closed higher for the third straight day on Wednesday as retail inflation slipping to near six-year lows raised hopes of further rate cuts. Stocks that were in focus include names like Jio Financial, which rose 2% and SBI Card, which gained 0.4% and Canara Bank, whose shares rallied 2% on Wednesday. Here’s … Read more
SBI Card has announced upcoming changes to its credit card reward structures, reducing the accrual of reward points on select transactions across its SimplyCLICK and Air India co-branded credit cards. These revisions will come into effect between March 31, 2025, and April 1, 2025. SimplyCLICK SBI Card: Lower rewards on Swiggy From April 1, 2025, … Read more
ICICI Bank credit cards airport lounge access: After HDFC Bank, IDFC First Bank, SBI Card, ICICI Bank has modified its airport lounge access benefits and reward points rules on its 21 credit cards. The revised benefits will be applicable from the new fiscal, i.e. April 1, 2024. As per a notification on the ICICI Bank … Read more
Also, Axis Securities recommends a buy on JK Cement and Nuvama has a buy rating on ITD Cementation. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: InCred on SBI Card: Reduce| Target Rs 600 InCred downgraded SBI Card to reduce from ADD earlier and has also slashed … Read more
SBI Card, M&M Financial and Nazara Tech have announced their first quarter results on Friday. Here’s a brief look at what the companies reported in Q1. SBI Card SBI Card’s net profit fell 5% year-on-year to Rs 593 crore in the June quarter as against Rs 627 crore in the same period last year. Total … Read more
” We are mindful of the difference between the market share in cards versus the market share in the spends,” says Rama Mohan Rao Amara, MD & CEO, SBI Card.Let us understand things for the quarter gone for Card. NIMs have seen a steep sequential downtick. What is causing this pressure and when do you … Read more
NEW DELHI: SBI Cards and Payment Services (SBI Card) has raised Rs 500 crore by issuing bonds on a private placement basis. The stakeholders’ relationship and customer experience committee of the company has approved the allotment of 5,000 fixed rate, redeemable non-convertible debentures (NCDs) of face value of Rs 10 lakh each aggregating to Rs … Read more
New Delhi: PNB Housing Finance on Thursday announced that Hardayal Prasad, the former SBI Card head who left the card issuer company last month, has been appointed as its new MD and CEO. The housing finance arm, promoted by country’s second largest state-owned Punjab National Bank ( PNB), currently has Neeraj Vyas as its interim … Read more