{"id":70282,"date":"2026-04-13T16:16:53","date_gmt":"2026-04-13T10:46:53","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=70282"},"modified":"2026-04-13T16:18:02","modified_gmt":"2026-04-13T10:48:02","slug":"sbi-cards-and-payment-services-share-price-falls","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/sbi-cards-and-payment-services-share-price-falls\/","title":{"rendered":"SBI Cards and Payment Services Share Price Falls \u2014 What Investors Need to Know"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Click Here \u2014 Get Free Investment Predictions on Univest<\/strong><\/a>.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/sbi-cards-and-payment-services-share-price-falls\/#What_Triggered_the_Fall_%E2%80%94_Key_Details\" title=\"What Triggered the Fall \u2014 Key Details\">What Triggered the Fall \u2014 Key Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/sbi-cards-and-payment-services-share-price-falls\/#Why_the_Market_Is_Selling_SBI_Cards_and_Payment_Services_Today\" title=\"Why the Market Is Selling SBI Cards and Payment Services Today\">Why the Market Is Selling SBI Cards and Payment Services Today<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/sbi-cards-and-payment-services-share-price-falls\/#The_Bull_Case_%E2%80%94_Why_This_Sell-Off_May_Be_Overdone\" title=\"The Bull Case \u2014 Why This Sell-Off May Be Overdone\">The Bull Case \u2014 Why This Sell-Off May Be Overdone<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/sbi-cards-and-payment-services-share-price-falls\/#What_Most_Investors_Are_Missing\" title=\"What Most Investors Are Missing\">What Most Investors Are Missing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/sbi-cards-and-payment-services-share-price-falls\/#SBI_Cards_and_Payment_Services_Share_Price_Levels_Support_2026_Target\" title=\"SBI Cards and Payment Services Share Price: Levels, Support &amp; 2026 Target\">SBI Cards and Payment Services Share Price: Levels, Support &amp; 2026 Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/sbi-cards-and-payment-services-share-price-falls\/#The_Three_Scenarios_Investors_Are_Pricing_In_Right_Now\" title=\"The Three Scenarios Investors Are Pricing In Right Now\">The Three Scenarios Investors Are Pricing In Right Now<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/sbi-cards-and-payment-services-share-price-falls\/#Key_Business_Segments_What_to_Watch\" title=\"Key Business Segments &amp; What to Watch\">Key Business Segments &amp; What to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/sbi-cards-and-payment-services-share-price-falls\/#What_Should_SBI_Cards_and_Payment_Services_Shareholders_Do_Today\" title=\"What Should SBI Cards and Payment Services Shareholders Do Today?\">What Should SBI Cards and Payment Services Shareholders Do Today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/sbi-cards-and-payment-services-share-price-falls\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/sbi-cards-and-payment-services-share-price-falls\/#Frequently_Asked_Questions_People_Also_Ask\" title=\"Frequently Asked Questions (People Also Ask)\">Frequently Asked Questions (People Also Ask)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/sbi-cards-and-payment-services-share-price-falls\/#Q1_Why_did_SBI_Cards_share_price_fall_today\" title=\"Q1. Why did SBI Cards share price fall today?\">Q1. Why did SBI Cards share price fall today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/sbi-cards-and-payment-services-share-price-falls\/#Q2_What_is_the_RBI_credit_score_circular_for_credit_cards\" title=\"Q2. What is the RBI credit score circular for credit cards?\">Q2. What is the RBI credit score circular for credit cards?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/sbi-cards-and-payment-services-share-price-falls\/#Q3_Is_SBI_Cards_a_buy_after_todays_fall\" title=\"Q3. Is SBI Cards a buy after today&#8217;s fall?\">Q3. Is SBI Cards a buy after today&#8217;s fall?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/sbi-cards-and-payment-services-share-price-falls\/#Q4_What_is_SBI_Cards_share_price_target_2026\" title=\"Q4. What is SBI Cards share price target 2026?\">Q4. What is SBI Cards share price target 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/sbi-cards-and-payment-services-share-price-falls\/#Q5_What_is_SBI_Cards_GNPA_and_how_does_it_compare_to_peers\" title=\"Q5. What is SBI Cards GNPA and how does it compare to peers?\">Q5. What is SBI Cards GNPA and how does it compare to peers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/sbi-cards-and-payment-services-share-price-falls\/#Q6_What_is_revolve_rate_in_credit_cards\" title=\"Q6. What is revolve rate in credit cards?\">Q6. What is revolve rate in credit cards?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/sbi-cards-and-payment-services-share-price-falls\/#Q7_How_does_SBI_Cards_compare_to_HDFC_Bank_and_Axis_Bank_credit_cards\" title=\"Q7. How does SBI Cards compare to HDFC Bank and Axis Bank credit cards?\">Q7. How does SBI Cards compare to HDFC Bank and Axis Bank credit cards?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/sbi-cards-and-payment-services-share-price-falls\/#Q8_What_should_long-term_SBI_Cards_investors_do\" title=\"Q8. What should long-term SBI Cards investors do?\">Q8. What should long-term SBI Cards investors do?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/sbi-cards-and-payment-services-share-price-falls\/#Recent_Articles\" title=\"Recent Articles\">Recent Articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Triggered_the_Fall_%E2%80%94_Key_Details\"><\/span><strong>What Triggered the Fall \u2014 Key Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Parameter<\/strong><\/td><td><strong>Detail<\/strong><\/td><\/tr><tr><td>Trigger<\/td><td>RBI circular tightening unsecured<\/td><\/tr><tr><td>credit card underwriting \u2014 minimum<\/td><td>credit score raised to 700 for new<\/td><\/tr><tr><td>SBI Card Credit Score Mix<\/td><td>28% of new cards issued in FY26 had<\/td><\/tr><tr><td>Industry-wide Impact<\/td><td>Affects all credit card issuers \u2014<\/td><\/tr><tr><td>SBI Cards most exposed given<\/td><td>sub-prime card strategy<\/td><\/tr><tr><td>SBI Card GNPA (Q4 FY26)<\/td><td>3.2% \u2014 highest in the listed credit<\/td><\/tr><tr><td>Outstanding Receivables<\/td><td>Rs 52,800 Cr \u2014 15% growth slowing<\/td><\/tr><tr><td>Revolve Rate<\/td><td>39% of cardholders revolving<\/td><\/tr><tr><td>MD &amp; CEO<\/td><td>Abhijit Chakravorty: &#8216;We have been<\/td><\/tr><tr><td>proactively tightening underwriting<\/td><td>for 6 months&#8217;<\/td><\/tr><\/tbody><\/table><\/figure><p><em>Source: Company filings, exchange announcements, analyst reports.<\/em><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_the_Market_Is_Selling_SBI_Cards_and_Payment_Services_Today\"><\/span><strong>Why the Market Is Selling SBI Cards and Payment Services Today<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>SBI Cards fell 4.7% after RBI issued a circular requiring minimum 700 credit score for new unsecured credit card issuances. Approximately 28% of SBI Cards&#8217; FY26 new card issuances involved customers with credit scores below this threshold \u2014 meaning new card growth will slow significantly.<\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Click Here \u2014 Get Free Investment Predictions on Univest<\/strong><\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Bull_Case_%E2%80%94_Why_This_Sell-Off_May_Be_Overdone\"><\/span><strong>The Bull Case \u2014 Why This Sell-Off May Be Overdone<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>SBI Cards at Rs 680 faces a near-term volume growth slowdown from tighter underwriting. The long-term quality improvement thesis is positive. The existing 15 million card base and revolve income are unaffected. Consult a SEBI-registered financial advisor before investing.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Most_Investors_Are_Missing\"><\/span><strong>What Most Investors Are Missing<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>SBI Cards at Rs 680 \u2014 21% below its peak \u2014 is at a valuation where a specific thesis needs to hold: credit quality improvement over 4 quarters. At 28x P\/E, the stock is not cheap for a single-product financial company with 3.2% GNPA. But if GNPA tracks toward 2.5% by Q3 FY27 on tighter underwriting, the re-rating potential is substantial. Rs 620 is<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SBI_Cards_and_Payment_Services_Share_Price_Levels_Support_2026_Target\"><\/span><strong>SBI Cards and Payment Services Share Price: Levels, Support &amp; 2026 Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Metric<\/strong><\/td><td><strong>Value<\/strong><\/td><td><strong>Metric<\/strong><\/td><td><strong>Value<\/strong><\/td><\/tr><tr><td>CMP (April 2026)<\/td><td>Rs 680<\/td><td>52-Week High<\/td><td>Rs 860<\/td><\/tr><tr><td>52-Week Low<\/td><td>Rs 620<\/td><td>Decline from Peak<\/td><td>20.9%<\/td><\/tr><tr><td>Market Cap<\/td><td>Rs 64,000 Cr<\/td><td>Trailing P\/E<\/td><td>28x<\/td><\/tr><tr><td>Short-Term Support<\/td><td>Rs 620\u2013650<\/td><td>Short-Term Resistance<\/td><td>Rs 730\u2013770<\/td><\/tr><tr><td>NSE Symbol<\/td><td>SBICARD<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><\/tbody><\/table><\/figure><p><em>Data sourced from NSE, BSE, and analyst consensus reports. For informational purposes only.<\/em><\/p><p>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track SBI Cards and Payment Services live with SEBI-registered research alerts.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Three_Scenarios_Investors_Are_Pricing_In_Right_Now\"><\/span><strong>The Three Scenarios Investors Are Pricing In Right Now<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Scenario<\/strong><\/td><td><strong>What It Means for Investors<\/strong><\/td><\/tr><tr><td>BEAR<\/td><td>Macro deterioration and continued sector pressure push SBI Cards and Payment Services toward support at Short-Term Resistance&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rs 730\u2013770, threatening a further 10-15% decline from current levels.<\/td><\/tr><tr><td>BASE<\/td><td>Stabilization near&nbsp; followed by a gradual earnings recovery drives the stock back toward 52-Week Low&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rs 620 over the next 12 months.<\/td><\/tr><tr><td>BULL<\/td><td>A beat-and-raise quarter with improved guidance triggers a sharp re-rating toward analyst targets of , representing 20-30% upside from current levels.<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Business_Segments_What_to_Watch\"><\/span><strong>Key Business Segments &amp; What to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>SBI Cards GNPA of 3.2% in Q4 FY26 is the highest among listed credit card companies. Axis Bank&#8217;s credit card NPA is approximately 1.6%, HDFC Bank approximately 1.8%. SBI Cards&#8217; higher NPA reflects its &#8216;financial inclusion&#8217; strategy of targeting sub-prime customers. Tighter underwriting should bring GNPA toward 2.5% over 4\u20136 quarters.<\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Tap to Access Best Research Pieces on Univest<\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Should_SBI_Cards_and_Payment_Services_Shareholders_Do_Today\"><\/span><strong>What Should SBI Cards and Payment Services Shareholders Do Today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>SBI Cards at Rs 680 \u2014 21% below its peak \u2014 is at a valuation where a specific thesis needs to hold: credit quality improvement over 4 quarters. At 28x P\/E, the stock is not cheap for a single-product financial company with 3.2% GNPA. But if GNPA tracks toward 2.5% by Q3 FY27 on tighter underwriting, the re-rating potential is substantial.<\/p><p>Rs 620 is the 52-week low. Q2 FY27 NPA data is the decision point. SBI Cards and Payment Services \u2014 entry, stop-loss, and target.<\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Subscribe to Univest Pro for SEBI-registered analyst recommendations on SBI Cards and Payment Services \u2014 entry, stop-loss, and target.<\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>SBI Cards&#8217; 4.7% fall on RBI&#8217;s underwriting circular captures the dual risk: near-term volume slowdown and longer-term NPA uncertainty. The twist is that SBI Cards had already tightened underwriting before the circular \u2014 the regulatory action confirms the direction the company was already heading. Rs 620 is the technical support.<\/p><p>The NPA trajectory over the next 2 quarters is the binary signal.<\/p><p>Investments in securities are subject to market risk. This content is for informational purposes only and does not constitute investment advice. Please consult a SEBI-registered financial advisor before making investment decisions. For more analysis, visit univest.in\/blogs.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_People_Also_Ask\"><\/span><strong>Frequently Asked Questions (People Also Ask)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q1_Why_did_SBI_Cards_share_price_fall_today\"><\/span><strong>Q1. Why did SBI Cards share price fall today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>SBI Cards fell 4.7% after RBI issued a circular requiring minimum 700 credit score for new unsecured credit card issuances. Approximately 28% of SBI Cards&#8217; FY26 new card issuances involved customers with credit scores below this threshold \u2014 meaning new card growth will slow significantly.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q2_What_is_the_RBI_credit_score_circular_for_credit_cards\"><\/span><strong>Q2. What is the RBI credit score circular for credit cards?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>RBI&#8217;s circular raises the minimum CIBIL credit score requirement for issuing new unsecured credit cards to 700. Previously, issuers could issue cards to customers with scores as low as 620\u2013640. The change aims to reduce systemic risk from unsecured consumer credit growth \u2014 which has been growing at 25\u201330% annually across the industry.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q3_Is_SBI_Cards_a_buy_after_todays_fall\"><\/span><strong>Q3. Is SBI Cards a buy after today&#8217;s fall?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>This article does not constitute investment advice. SBI Cards at Rs 680 faces a near-term volume growth slowdown from tighter underwriting. The long-term quality improvement thesis is positive. The existing 15 million card base and revolve income are unaffected. Consult a SEBI-registered financial advisor before investing.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q4_What_is_SBI_Cards_share_price_target_2026\"><\/span><strong>Q4. What is SBI Cards share price target 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Analyst consensus 12-month SBI Cards target is Rs 780\u2013900. The stock trades at Rs 680, implying 15\u201332% upside. NPA improvement to below 2.5% and receivables growth recovery are the primary catalysts. These are analyst estimates, not guaranteed returns.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q5_What_is_SBI_Cards_GNPA_and_how_does_it_compare_to_peers\"><\/span><strong>Q5. What is SBI Cards GNPA and how does it compare to peers?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>SBI Cards GNPA of 3.2% in Q4 FY26 is the highest among listed credit card companies. Axis Bank&#8217;s credit card NPA is approximately 1.6%, HDFC Bank approximately 1.8%. SBI Cards&#8217; higher NPA reflects its &#8216;financial inclusion&#8217; strategy of targeting sub-prime customers. Tighter underwriting should bring GNPA toward 2.5% over 4\u20136 quarters.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q6_What_is_revolve_rate_in_credit_cards\"><\/span><strong>Q6. What is revolve rate in credit cards?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Revolve rate is the percentage of credit card customers who carry a balance (don&#8217;t pay in full) from one month to the next. SBI Cards&#8217; 39% revolve rate means 39% of cardholders pay interest on their outstanding balance.<\/p><p>Higher revolve rate means higher interest income but also higher credit risk \u2014 revolving customers are statistically more likely to default.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q7_How_does_SBI_Cards_compare_to_HDFC_Bank_and_Axis_Bank_credit_cards\"><\/span><strong>Q7. How does SBI Cards compare to HDFC Bank and Axis Bank credit cards?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>SBI Cards is a standalone credit card company (the only pure-play in India). HDFC Bank and Axis Bank issue credit cards as part of full banking operations. SBI Cards has 15 million cards vs HDFC Bank&#8217;s 20 million. SBI Cards&#8217; advantage is focus and SBI&#8217;s distribution reach. Disadvantage: no low-cost deposits to fund the card receivables book.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q8_What_should_long-term_SBI_Cards_investors_do\"><\/span><strong>Q8. What should long-term SBI Cards investors do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Monitor quarterly GNPA data over the next 2\u20133 quarters. If GNPA tracks below 3% consistently on tighter underwriting, the credit quality improvement thesis is working. Rs 620 is the 52-week low and stop-loss reference. Consult a SEBI-registered financial advisor before making investment decisions.<\/p><p>Disclaimer: Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. Consult a SEBI-registered financial advisor before making any investment decisions. For more analysis, visit Univest Blogs.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Articles\"><\/span><strong>Recent Articles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/why-is-krbl-share-price-falling\"><strong>Why is KRBL Share Price Falling? Check Next Share Price Target&nbsp;<\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/why-is-reliance-infrastructures-share-price-falling\"><strong>Why is Reliance Infrastructures Share Price Falling? Check Next Share Price Target&nbsp;<\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/why-is-mahanagar-gas-share-price-falling\"><strong>Why is Mahanagar Gas Share Price Falling? Check Next Share Price Target&nbsp;<\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/why-is-happiest-minds-share-price-falling\"><strong>Why is Happiest Minds Share Price Falling? Check Next Share Price Target&nbsp;<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Click Here \u2014 Get Free Investment Predictions on Univest. 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