External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

External broker reports(aggregated public sources)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

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Equity Bottom-Up

SBI Cards & Payment Services / Equity Bottom-Up

<p>RBI proposed to issue a discussion paper in the next one month (link to RBI statement) to cover aspects related to charges involved in various digital payment modes covering Credit Cards, Debit Cards, PPIs, UPIs, etc. This is with the intent to make digital transactions affordable to users and economically viable to providers. SBICARD has corrected ~9% over the past two days on fears of a reduction in MDR charges, which can adversely impact profitability. SBICARD's spend-based fee constitutes 45-54% of total fees and corresponds to 18-23% of total revenue.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

RBI proposed to issue a discussion paper in the next one month (link to RBI statement) to cover aspects related to charges involved in various digital payment modes covering Credit Cards, Debit Cards, PPIs, UPIs, etc. This is with the intent to make digital transactions affordable to users and economically viable to providers. SBICARD has corrected ~9% over the past two days on fears of a reduction in MDR charges, which can adversely impact profitability. SBICARD's spend-based fee constitutes 45-54% of total fees and corresponds to 18-23% of total revenue.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Review of digital payment charges poses an overhang

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

<p>About the stock: SBI Cards is subsidiary of State Bank of India (69.3% stake) and is second largest credit card issuer in India.</p><ul><li>Market share in terms of cards issued is 19.2% and spends is 19.4%</li><li>High margin business with strong return ratios, +5% RoA and +25% RoE</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

About the stock: SBI Cards is subsidiary of State Bank of India (69.3% stake) and is second largest credit card issuer in India.Market share in terms of cards issued is 19.2% and spends is 19.4%High margin business with strong return ratios, +5% RoA and +25% RoEContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

SBI Cards and Payment: Return to Normalcy to Propel Business Growth

India

SBI Cards and Payment Services Private Limited provides credit card services. The Company offers payment products and services in the form of corporate and credit cards with incentive and rewards programs. SBI Cards and Payment Services serves customers in India.

SBI Cards & Payment Services (SBICARD IN)

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SBI Cards & Payment Services (SBICARD IN)

Review of digital payment charges poses an overhang

RBI proposed to issue a discussion paper in the next one month (link to RBI statement) to cover aspects related to charges involved in various...

Motilal Oswal

SBI Cards and Payment: Return to Normalcy to Propel Business Growth

SBI Cards is subsidiary of State Bank of India (69.3% stake) and is second largest credit card issuer in India. Market share in terms of cards...

ICICI Securities Limited

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)