SBI Cards’ net profit dips to Rs 556cr in Q1
MUMBAI: SBI Cards reported a 6.4% decline in net profit to Rs. 556 crore for the June quarter, compared with Rs. 594 crore a year earlier, as higher impairment losses and bad debts offset revenue growth. The provisions rose 22.8% YoY to Rs. 1,352 crore.
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