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Ketan Mittal (SEBI RA)

12th Aug 2025 · SEBI-Registered Analyst

SBICARD
: Credit Without the Bank Tag

In an increasingly digital India, SBI Cards is growing credit card spends with expanding customer base. NIMs are strong and NPAs are controlled. However, competition from fintechs and co-branded cards could compress margins. At ₹7800, it’s a niche NBFC with scale. A medium-term accumulation candidate.

#Miscellaneous#PsychologyofMoney#MacroViews#EquityResearch#FundamentalViews
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