SBI Cards and Payment Services reports 8% rise in Q1 net profit

SBI Cards and Payment Services has reported results for first quarter ended June 30, 2022.

SBI Cards
SBI Cards

The company has reported a rise of 7.93% in its net profit at Rs 626.91 crore for the quarter under review as compared to Rs 580.86 crore for the same quarter in the previous year. Total income of the company increased by 8.18% at Rs 3,262.85 crore for Q1FY23 as compared Rs 3,016.10 crore for the corresponding quarter previous year.

SBI Cards and Payment Services is a payment solutions provider in India.

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