BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
SBI Cards and Payments Services Ltd. has strengthened its position as the second-largest card player in the country with a market share of approximately 19% in outstanding cards and ~20% in overall spends.
The company has an outstanding card base of ~11.5 million and has doubled its card base over the past three years at an average incremental market share of 23%.
The company has access to the parent State Bank of India’s vast network of ~22,000 branches and customer base of ~450 million, along with strong open market sourcing capabilities.
Thus, it remains well-placed to capitalize on growth opportunities in a highly underpenetrated market.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.