Total income of SBI Card during the quarter rose to Rs 2,451 crore as against Rs 2,196 crore a year ago, SBI Cards said in a regulatory filing.
PTI
July 23, 2021 / 06:34 PM IST
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var titStr=”;var editw=”; var typevar=”; var pparr= new Array(‘Monitoring your investments regularly is important.’,’Add your transaction details to monitor your stock`s performance.’,’You can also track your Transaction History and Capital Gains.’); var phead =’Why add to Portfolio?’; if(secglbVar ==1) { var stkdtxt=’this stock’; var fltxt=’ it ‘; typevar =’Stock ‘; if(lastRsrs.length>1){ stkdtxt=’these stocks’; typevar =’Stocks ‘;fltxt=’ them ‘; } } //var popretStr =lvPOPRHS(phead,pparr); //$ (‘#poprhsAdd’).html(popretStr); //$ (‘.btmbgnwr’).show(); var tickTxt =’‘; if(typparam1==1) { var modalContent = ‘Watchlist has been updated successfully.’; var modalStatus = ‘success’; //if error, use ‘error’ $ (‘.mc-modal-content’).text(modalContent); $ (‘.mc-modal-wrap’).css(‘display’,’flex’); $ (‘.mc-modal’).addClass(modalStatus); //var existsFlag=$ .inArray(‘added’,newappndStr[1]); //$ (‘#toptitleTXT’).html(tickTxt+typevar+’ to your watchlist’); //if(existsFlag == -1) //{ // if(lastRsrs.length > 1) // $ (‘#toptitleTXT’).html(tickTxt+typevar+’already exist in your watchlist’); // else // $ (‘#toptitleTXT’).html(tickTxt+typevar+’already exists in your watchlist’); // //} } //$ (‘.accdiv’).html(”); //$ (‘.accdiv’).html(appndStr); } }, //complete:function(d){ // if(typparam1==1) // { // watchlist_popup(‘open’); // } //} }); }); } else { var disNam =’stock’; if($ (‘#impact_option’).html()==’STOCKS’) disNam =’stock’; if($ (‘#impact_option’).html()==’MUTUAL FUNDS’) disNam =’mutual fund’; if($ (‘#impact_option’).html()==’COMMODITIES’) disNam =’commodity’; alert(‘Please select at least one ‘+disNam); } } else { AFTERLOGINCALLBACK = ‘overlayPopup(‘+e+’, ‘+t+’, ‘+n+’)’; commonPopRHS(); /*work_div = 1; typparam = t; typparam1 = n; check_login_pop(1)*/ } } function pcSavePort(param,call_pg,dispId) { var adtxt=”; if(readCookie(‘nnmc’)){ if(call_pg == “2”) { pass_sec = 2; } else { pass_sec = 1; } var url = ‘//www.moneycontrol.com/mccode/common/saveWatchlist.php’; $ .ajax({url:url, type:”POST”, //data:{q_f:3,wSec:1,dispid:$ (‘input[name=sc_dispid_port]’).val()}, data:{q_f:3,wSec:pass_sec,dispid:dispId}, dataType:”json”, success:function(d) { //var accStr= ”; //$ .each(d.ac,function(i,v) //{ // accStr+=”+v.nm+”; //}); $ .each(d.data,function(i,v) { if(v.flg == ‘0’) { var modalContent = ‘Scheme added to your portfolio.’; var modalStatus = ‘success’; //if error, use ‘error’ $ (‘.mc-modal-content’).text(modalContent); $ (‘.mc-modal-wrap’).css(‘display’,’flex’); $ (‘.mc-modal’).addClass(modalStatus); //$ (‘#acc_sel_port’).html(accStr); //$ (‘#mcpcp_addportfolio .form_field, .form_btn’).removeClass(‘disabled’); //$ (‘#mcpcp_addportfolio .form_field input, .form_field select, .form_btn input’).attr(‘disabled’, false); // //if(call_pg == “2”) //{ // adtxt =’ Scheme added to your portfolio We recommend you add transactional details to evaluate your investment better. x‘; //} //else //{ // adtxt =’ Stock added to your portfolio We recommend you add transactional details to evaluate your investment better. x‘; //} //$ (‘#mcpcp_addprof_info’).css(‘background-color’,’#eeffc8′); //$ (‘#mcpcp_addprof_info’).html(adtxt); //$ (‘#mcpcp_addprof_info’).show(); 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SBI Cards and Payment Services Ltd (SBI Card) on Friday reported a 22 per cent decline in net profit to Rs 305 crore in the first quarter ended June 30 due to higher delinquencies.
The SBI-promoted card issuance company had reported a net profit of Rs 393 crore in the April-June quarter of the previous fiscal (2020-21).
Total income of SBI Card during the quarter rose to Rs 2,451 crore as against Rs 2,196 crore a year ago, SBI Cards said in a regulatory filing.
Segment-wise, the interest income declined to Rs 1,153 crore from Rs 1,412 crore in the same quarter a year ago, while income from fees and services rose to Rs 1,099 crore from Rs 668 crore in the first quarter of 2020-21. Other income doubled to Rs 89 crore from Rs 43 crore in the year-ago period.
On asset quality front, the company’s gross non-performing assets more than doubled to 3.91 per cent of gross advances as on June 30, 2021 as against 1.35 per cent as on June 30, 2020.
Total gross advances (credit card receivables) were Rs 24,438 crore by the end of the June quarter against Rs 23,330 crore in the same period last fiscal.
Card spends during the June quarter increased to Rs 33,260 crore as against Rs 19,085 crore in the same period of 2020-21.
Receivables grew by 5 per cent to Rs 24,438 crore from Rs 23,330 crore. Card-in-force grew by 14 per cent to 1.20 crore from 1.06 crore a year ago.
As per the capital adequacy norms issued by the RBI, the company’s capital to risk ratio consisting of tier I and tier II capital should not be less than 15 per cent of its aggregate risk weighted assets on – balance sheet and of risk adjusted value of off-balance sheet items.
As of June 30, 2021, the company’s Capital Adequacy Ratio was 26.1 per cent compared to 24.4 per cent as of June 30, 2020, it said.
