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SBI Cards and Payment Services is a subsidiary of State Bank of India (69% stake) and is the second largest credit card issuer in India with 19% market share (December 2020) in terms of spends and number of cards. It offers an extensive credit card portfolio to individual cardholders & corporate clients, including lifestyle, travel, etc, and corporate cards covering all major segments. Strong business model with higher return ratios and favourable digital and consumption trends make the stock an attractive BUY. Digital, consumption – both themes favourable… SBI Cards and Payment Services is a subsidiary of State Bank of India (69% stake) and is the second largest credit card issuer in India with 19% market share (December 2020) in terms of spends and number of cards. It offers an extensive credit card portfolio to individual cardholders & corporate clients, including lifestyle, travel, etc, and corporate cards covering all major segments. Strong business model with higher return ratios and favourable digital and consumption trends make the stock an attractive BUY.
