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The Times of India
The Times of India
Business
PTI

SBI Card Q3 profit zooms 84% to Rs 386 crore on higher card spends, fall in bad loans

SBI Card SBI New Delhi

NEW DELHI: SBI Cards and Payment Services on Monday reported 84 per cent jump in net profit at Rs 386 crore for December quarter 2021-22 on the back of healthy card spends, fall in bad loans and higher income from other sources.

The pure-play credit card issuer promoted by the country's largest lender SBI had posted a net profit of Rs 210 crore in the year- ago same quarter.

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