SBI Cards: Motilal Oswal initiates coverage with a Neutral rating and target price of Rs 1200
SBI Cards and Payments Services share price: SBI Cards has strengthened its position as the second largest card player in the country with market share of 19% in cards and 20% in overall spends. The company has an card base of 11.5 mn and has doubled its card base over the past three years at an average incremental market share of 23%.
SBI Cards has access to parent SBIN's vast network of 22k branches and customer base of 450 mn, along with strong open market sourcing capabilities: Image taken from companies website