SBI Cards Q2 Results: Net profit drops 33% YoY to ₹404 crore as provisions surge

SBI Cards Q2 Results: Net profit drops 33% YoY to ₹404 crore as provisions surge

SBI Cards and Payment Services on Tuesday, October 29, reported a 33% year-on-year (YoY) decline in net profit to ₹404 crore for the second quarter of fiscal 2025 (Q2 FY25), due to an increase in provisions. In the same period last year, the company posted a PAT of ₹603 crore. Provisions rose sharply to ₹53,596 … Read more