Overview
SBI Cards surged 5% to a 52-week high after an RBI rate cut. The stock's 2025 comeback, driven by improving asset quality and margins from reduced credit costs and NPAs, signals positive recovery despite past challenges and high valuations.
SBI Cards, India’s only listed credit card player, rose 5% on Friday to reach its 52-week high of Rs 999.45. The stock rose after the Reserve Bank of India cut the repo rate by 50 basis points. This will lead to a lowering of credit costs for credit card issuers.
Even before that, SBI Cards has been staging a comeback in 2025, with the stock rising by more than 46% in 2025 so far. Things have not been easy for SBI Cards. The stock had fallen by 40% since its all-time high in October 2021 till 2024.