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Tuesday, June 15, 2021

SBI Cards


Facing credit card defaults, banks move to settle dues

October 28, 2020 10:51 am

Banks and card issuers have managed to show lower NPAs so far due to the moratorium that was valid till August 2020 — the issue of interest waiver is being heard in the Supreme Court.

Google Pay partners with Visa to allow card-based payments through tokenisation

September 21, 2020 2:01 pm

Through tokenisation, Google Pay Android users can use their debit or credit card to make payments through a secure digital token attached to their phone without having to physically share their credit or debit card details.

SBI Card reports average daily spends at over Rs 175 crore in May

June 02, 2020 3:02 pm

In May, with zone-based relaxations, sourcing of new accounts has gradually increased, and new cards run rate has reached approximately 2,500 cards per day, SBI Card said.

SBI Cards makes weak stock market debut, settles over 10% below issue price

March 16, 2020 6:13 pm

Over 6.08 crore shares of SBI Cards and Payment Services were traded on the NSE while over 41.67 lakh shares exchanged hands on the BSE during the first day of trade.

SBI Cards IPO: Here's how to check if you've been allotted shares

March 11, 2020 7:47 pm

The IPO of SBI Cards saw a whopping 26.54 times subscription over the 10,02,79,411 offered shares during the offer period. Here's how you can check if you have been allotted shares.

SBI Cards IPO concludes, subscribed 26.54 times on the final day of bidding

March 05, 2020 7:14 pm

The IPO of the credit card arm of India's largest public-sector lender State Bank of India (SBI) received bids of over 266 crore shares against the total issue size of 10 crore shares, data available with the stock exchanges showed.

SBI Cards IPO subscribed 2.51 times so far on third day of bidding

March 04, 2020 1:58 pm

The initial public offer (IPO) received bids for 25,12,78,800 shares against the total issue size of 10,02,79,411 shares, as per NSE data till 1200 hrs.

Coronavirus panic weighs on India's blockbuster SBI Cards IPO

March 03, 2020 11:34 am

At the upper end of the price band of 755 rupees apiece, the offering will fetch 103 billion rupees ($1.4 billion) and value the issuer at over 49 times its trailing 12-month earnings -- the costliest among global peers including Visa Inc and American Express Co.

SBI Cards IPO price band at Rs 750-755

February 26, 2020 12:38 am

The IPO, which opens on March 2 and closes on 4, comprises fresh issue of equity shares aggregating to Rs 500 crore and an offer for sale where promoters will offload nearly 13 crore shares.