The number of borrowers more than doubled to 24.6 lakh during the period.
Cos may find it difficult to clock substantial revenue growth for the ongoing fiscal year.
SBI Cards IPO is now open for subscription.
Analysts believe the broader revenue trend may start improving from the first quarter of FY21.
Its net interest margin at 3.4 per cent is also better than under 3 per cent for the peers.
Family businesses have earned 14% annualised returns between January 2017-2020 on the stock exchanges.
The company has been facing asset quality issues in the corporate and commercial vehicles (CV) segments; a major part of the non-performing assets in the latter segment is on account of the acquisition of the CV business from India Infoline in April 2019.
The dividend ranking was dominated by MNCs in the consumer focused sectors.
The stock has gained 11 per cent in one month and 28 per cent in three months to January 28.
The stock fell 12.2 per cent to Rs 174.3 at the close on the BSE.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon