SBI Card reports marginal rise in Q4 net profit to Rs 596cr

SBI Cards and Payment Services Ltd (SBI Card) on Friday reported a marginal increase in its net profit to Rs 596 crore in the quarter ended March 2023. The pure-play credit card issuer had reported a net profit of Rs 581 crore in the same quarter of the previous fiscal. The company’s total income during the January-March period of 2022-23 rose to Rs 3,917 crore against Rs 3,016 crore in the year-ago period, SBI Card said in a regulatory filing.

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