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The Economic Times
The Economic Times

India's SBI Card posts higher quarterly profit on asset quality boost

SBI SBI Card

India's SBI Cards and Payment Services posted ​a first-quarter profit rise ​on Friday, helped by a drop in ​provisions for bad loans as asset quality improved.

Backed by the country's largest lender SBI, the credit-card firm said its profit ‌after tax ⁠rose 19.5% ⁠to 6.64 billion rupees ($68.76 million) for the quarter ended June ​30

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