NEW DELHI: SBI Playing cards and Cost Providers Ltd on Thursday reported an 8 per cent rise in web revenue to Rs 549 crore for the third quarter ended December 2023. The pure-play bank card firm, promoted by SBI, had posted a web revenue of Rs 509 crore through the corresponding interval of the earlier monetary yr.
The corporate’s whole earnings grew by 30 per cent to Rs 4,742 crore through the October-December interval towards Rs 3,656 crore within the year-ago interval, SBI Card mentioned in a regulatory submitting.
Its whole working price elevated by 23 per cent at Rs 2,426 crore for the third quarter of FY24 from Rs 1,974 crore within the earlier fiscal, it mentioned.
Its gross non-performing belongings (NPA) rose to 2.64 per cent through the quarter beneath assessment as towards 2.22 per cent a yr in the past.
The web NPA too elevated to 0.96 per cent from 0.80 per cent on the finish of the December quarter of the earlier monetary yr.
In consequence, impairment losses and unhealthy debt bills grew by Rs 883 crore from Rs 533 crore in FY23.
As of December 31, 2023, the cardboard firm’s capital adequacy ratio was 18.4 per cent in comparison with 23.1 per cent as of March 31, 2023.
As per the capital adequacy norms issued by the RBI, the corporate’s capital-to-risk ratio consisting of Tier I and Tier II capital shouldn’t be lower than 15 per cent of its combination risk-weighted belongings on the steadiness sheet and of the risk-adjusted worth of off-balance sheet objects.
The corporate’s whole earnings grew by 30 per cent to Rs 4,742 crore through the October-December interval towards Rs 3,656 crore within the year-ago interval, SBI Card mentioned in a regulatory submitting.
Its whole working price elevated by 23 per cent at Rs 2,426 crore for the third quarter of FY24 from Rs 1,974 crore within the earlier fiscal, it mentioned.
Its gross non-performing belongings (NPA) rose to 2.64 per cent through the quarter beneath assessment as towards 2.22 per cent a yr in the past.
The web NPA too elevated to 0.96 per cent from 0.80 per cent on the finish of the December quarter of the earlier monetary yr.
In consequence, impairment losses and unhealthy debt bills grew by Rs 883 crore from Rs 533 crore in FY23.
As of December 31, 2023, the cardboard firm’s capital adequacy ratio was 18.4 per cent in comparison with 23.1 per cent as of March 31, 2023.
As per the capital adequacy norms issued by the RBI, the corporate’s capital-to-risk ratio consisting of Tier I and Tier II capital shouldn’t be lower than 15 per cent of its combination risk-weighted belongings on the steadiness sheet and of the risk-adjusted worth of off-balance sheet objects.
