The Economic Times
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| 22 March, 2021, 06:31 PM IST | E-Paper
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    SBI Cards is betting on its uniqueness: Here's why it is stock pick of the week

    Synopsis

    SBI Cards is a standalone entity unlike other credit card businesses. The company which has increased its card base to double over the past three years is expected to gain further in the coming months too. This has made the company a favourite of analysts.

    Analysts are impressed by SBI Cards & Payment Services for more reasons than one. While the credit card businesses of other banks are part of parent banks, SBI Cards is a standalone entity and therefore, suits investors who want to bet only on the booming card business. Next reason is the huge growth potential for card business in the country as the number of cards and usage per card is still very low here. Card penetration level in India at
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