The main SBI cards and credit card payment services today reported a drop of 19 percent year -on -year (year -on -year) in the net quarter of 2015 to ₹ 534 million rupees, due to higher impediments of assets and subsequent provisions. In a sequential base, however, the final result increased by 39 percent.
The deterioration of the fourth quarter of the company in financial instruments increased to ₹ 1,245 million rupees, 32 percent more. Subsequently, the provisions increased to ₹ 1,906 million rupees in Q4Fy25 of ₹ 1,767 million rupees last year.
The company’s gross credit cost was 9 percent, more than 143 basic points (BP) last year. The relations of gross and net performance assets were 3.08 percent and 1.46 percent, respectively, more than 31 bp and 47 bp.
The revenues of the operations increased 8 percent year -on -year and 1 percent dryly to ₹ 4,674 million rupees, while the operating costs were at ₹ 2,073 million rupees, 8 percent more.
Duration Q4, SBI cards opened 11.09 Lakh of new accounts, 8 percent lower 6 percent sequentialy, while retail expenses increased by 15 percent to ₹ 79,709 million rupees.
As of March 31, total current SBI cards cards were 2.08 million rupees, while accounts receivable increased 10 percent year -on -year to ₹ 55,840 million rupees.
The margin of interest alone (NIM) or the SBI cards backed by SBI increased 29 Basic Yoy Poins to 11.2 percent, as the performance of progress and the cost of funds increased.
Posted on April 24, 2025