Nbook value per share of sbi credit card

The brokerage cited a cap on merchant discount rate mdr and rising competition in the highly profitable credit cards business as key risks to its. Sbi card was launched in october 1998 by the state bank of india and ge capital. A quick comparison of 4 best sbi credit cards by sunil. Book value per common share is a measure used by owners of common shares in a firm to determine the level of safety associated with each individual share after all debts are paid accordingly. Watch the demo to know more about how to book different products and services on. Sbi cards and payments services ltd, the credit card subsidiary of the. A quick comparison of 4 best sbi credit cards goodreturns. Heres how sbi cards ipo will impact the valuation of its parent sbi. With todays fall, the stock has now fallen 32 per cent below its issue price of rs 755 per share. Like other credit cards the unnati credit card also offers. Sbi cards, the credit card company of indias largest lender state bank of india. Shares of sbi cards and payment services slipped per cent to rs 516 on the bse on monday amid the buzz of lockdown being extended beyond april 14 the nonbanking finance companys stock was trading at its lowest level since listing on march 16, 2020. As per macquarie, in case sbi cards gets listed at a market cap of rs. Account access sbi credit card services online sbi card.

The brokerage cited a cap on merchant discount rate mdr and rising competition in the highly profitable credit cards business as key risks to. Sbi cards and payments sbi card got off to a tepid debut on monday, as the scrip got listed at rs 658 on the bse, a 12. Traders say the scrip is demanding rs 370380 premium per share. It is the secondlargest credit card issuer in india, having a market share of 18 per cent in terms of the number of outstanding credit cards issued as of fy19. However, the brokerage, citing media reports, said sbi expects a valuation of rs 60,000 crore 2. The company the 2nd largest credit card issuer in the country, with a 17. The sbi card ipo demands around 46 times of the price of its latest earnings and a pricetobook ratio of 14. Sbi cards shares list at rs 658, % discount to issue price of rs 755. Sbi has a dedicated helpline for its cardholders called the sbi personal credit cards. Sbi card offers convenient ways to manage your sbi card account anywhere, round the clock in an instant for an excellent control over your credit card. Sbi share price, sbi stock price, state bank of india. Get state bank of india live share price, historical charts, volume, market capitalisation, market performance, reports and other company details. In an attempt to encourage adoption of credit cards and facilitate expansion in the reach of digital payments, sbi card unnati will be offered free, at zero annual fee, for four years. You can cancel or close your sbi credit card at any time by following a few steps.

State bank of india, or sbi, has introduced a new credit card unnati credit card which is free no annual fees for first four years. Sbi card has a buy call with a price target of rs 1191. Incorporated as sbi cards and payment services limited previously known as sbi cards and payment services private. Find more about our credit card services in india online. Sbi holds a 74 percent stake in sbi cards, which macquarie currently values at rs 27,500 crore in its model. The initial public offer ipo committee of sbi cards has set the price band for its share sale in the range of rs 750755 per equity share. Heres how sbi cards ipo will impact the valuation of its. Sbi credit card online best credit cards services in. We may not use pricetobook because it is not only a lending business, but a transactionbased income also which it earns. Sbi cards offers a wide range of credit cards to individual and corporate.