Discover and read the best of Twitter Threads about #SBICards

Most recents (7)

The Nifty Financial Services Index, also known as the #FinNifty, is an index that tracks the performance of the financial services sector in India. @bbrijesh explains about the index in detail.
#FinNifty is an index that tracks the performance of the financial services sector in India, which includes #banks, #insurance companies, #housingfinance, and Non-Banking Financial Companies (NBFCs). #FinancialServicesSector #India
The financial services sector in India is one of the largest and most diverse in the world, and FinNifty provides a way to track the performance of this sector. #FinancialServicesSector #GrowthPotential
Read 9 tweets
#RBI policy on Recovery of Penal Charges on Loans…. #SBICards #ManappuramGold #MuthootGold #BajajFinance #NBFCs etc

Could be Negative for Credit card Cos, gold loan companies & Likes kd BajajFinance which charge high penal interest….
#Muthoot charges penal interest of upto 2% on schemes. Recall that their ROA is 6-7% so this Penal Interest is meaningful
#manappuramGold penal Interest Rates
Read 8 tweets
SBI Cards Q3 FY22 Results 🧵
Like and Retweet for max reach 🙏🏻
#sbicards #stocks
@itsTarH Image
Robust fundamentals, strong business performance
PAT 386 Cr. A 84% Yor
New accounts 1million up 10% YOY
Net spends 55k cr up 47% YOY
Total revenue at 3140 cr up 24% YOY
ROAA at 5.0% up 179 bp YOY . Image
Image
Read 8 tweets
1 new chart everyday, it could be from any space ~ equities / commodities / crypto / forex / bonds , etc

Will try to do it daily 🙏💪

Here's the first one 👇

SBI vs BankNifty

Ratio chart has given monthly breakout implying SBI could outperform BN in coming months.

#PB365 Image
(2) #DLF monthly chart

#PB365 Image
(3) #VodafoneIdea weekly chart

#PB365 Image
Read 160 tweets
#Whattay Series. In this #tweet thread will keep adding a lot of #stock price moves, #valuations where you end up saying #WHAT. No Reco just ?? Do comment 1) #Relaxo Footwear - just 10% away from highs. Market Cap = 18319 cr Sales 2500 cr #Bata -18419 cr Sales = 3056 cr !! PE ?
No Effect of #Corona on this #RealEstate Company. A 30% rally from the lows in May June.Low delivery volumes and almost same volumes and a weird chart.. Anyways its an avoid so not naming it. Image
Another craziness in gone stocks - #Educomp , #OptoCircuits are up 5x from the lows of March. Another stock which has zero effect of #covid19 and does low delivery volumes. Image
Read 12 tweets
SBI Cards IPO: long thread on valuation disasters in Indian markets & how these rip off the retail investors: Basic stats first:
13 crore shares offered out of total of 93 crore stocks. 14% float at Rs 750 per share is valuation of Rs 70 thousand crore to SBI Cards. #sbicards
This US $ 10 Billion market cap. They say this is the only card company getting listed so a great opportunity. We’ll see some numbers & benchmarks internationally. At FY'19 profits of Rs 862 crore & EPS =Rs 9.43, we get a Price Earning ratio of 80 !!
I know many will justify citing the growth prospects. I have a few questions to explore.Firstly, what is the highest PE of any mature financial company in India? Look at HDFC bank, Kotak, etc & we see much modest PEs of 25 to 35 for HDFC Bank & Kotak. And they are richly valued.
Read 38 tweets
Some interesting data on Credit Cards market in India

1. Top 6 banks command 80% market share of cards in force.
2. HDFC Bank has 1.37 Cr cards in force followed by SBI at 98 lac credit cards.
3. HDFC Bank commands a market share of 25% of total cards issued.
4. Citibank customers do an avg of 6 transactions a month.
5. American Express has highest Card Spend per Customer per month at Rs 24,284.
6. Avg transaction value per card swipe is highest for Indusind at Rs 6994.
7. By count - 29% of all POS
transactions go through HDFC
cards. Rest
18% SBI
14.7% ICICI
9.3% Citi
Axis 8.4%

8. By value - 30% of all POS transactions go through HDFC cards.

Rest.
18% SBI
11.6% ICICI
6.7% Citi
10.5% Axis

Source:RBI
Courtesy:Whatsapp Fwd.
#sbicards
Read 3 tweets

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