SBI Card bad loans surge amid pandemic
Amid financial stress among borrowers in view of the ongoing coronavirus pandemic, SBI Cards and Payments reported a rise in its gross non-performing assets (NPA) during the quarter ended September.
Further SBI Card, in its quarterly earnings, also said that its gross NPA for the period under review would have stood at 7.46 per cent if it had classified borrower accounts as NPA after August 31, 2020.PTI