SBI Cards Q2 profit jumps 75% YoY to Rs 778 crore as bad loan costs fall sharply

What happened: SBI Cards reported a 75% year-on-year rise in Q2 FY27 profit, driven by lower credit costs and improved asset quality. Key numbers: Profit Rs 778 crore, up 75% YoY in Q2 FY27. Why it matters: The results came alongside declining corporate card spending, contracted receivables, and narrower net interest margins.

SBI Cards reported a 75% year-on-year rise in Q2 FY27 profit, driven by lower credit costs and improved asset quality.

The results came alongside declining corporate card spending, contracted receivables, and narrower net interest margins.