As per SBI Analyst Presentation for Q2 FY 2013, performance of SBI Cards & Payment Services Pvt. Ltd. (joint venture between SBI & GE) is as follows:
- Sourced 2.82 lakhs new cards during H1 FY13 vs 1.8 lakhs cards during H1 FY12 (55% growth)
- Increase in spends by Rs. 343 crores over previous quarter
- Gross NPA came down to 1.83% in Q2 FY13 from 2.1% in Q1 FY13
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