SBI Cards Q1 Profit Drops 6.5% Amid 32% Surge In Credit Card Write-Offs
On Friday, India's SBI Cards and Payment Services announced a first-quarter profit that fell short of estimates, owing to an increase in credit card write-offs. Lenders in the nation are struggling with an increase in problematic loans, especially in areas like personal loans, credit cards, and microfinance. Overleveraging and a rise in the number of loans owed per borrower are...


























































































































































































































































































































