SBI Cards and Payment Services Q3 Results FY2023, Net Profit at Rs. 509 crores

SBI Cards and Payment Services Q3 Results FY2023

by Shreya Anaokar Last Updated: Jan 25, 2023 - 03:19 pm 2.7k Views

On 24th January 2023, SBI Cards and Payment Services announced its results for the third quarter of FY2023.

Key Highlights:

- Total income at Rs. 3,656 Crores for Q3 FY23
- Interest income increased by Rs. 336 Crores to Rs. 1,609 Crores for Q3 FY23
- Income from fees and services increased by Rs. 213 Crores to Rs. 1,670 Crores for Q3 FY23
- Other income decreased by Rs. 101 Crores to Rs. 149 Crores
- Finance costs increased by Rs. 187 Crores to Rs. 464 Crores for Q3 FY23 
- Profit before tax increased by Rs. 166 Crores or 32% to Rs. 684 Crores for Q3 FY23
- Profit after tax increased by Rs. 124 Crores or 32% to Rs. 509 Crores for Q3 FY23
- ROAA at 4.8% for Q3 FY23 
- ROAE at 22.0% for Q3 FY23 

Business Highlights:

- Total Balance Sheet size as of December 31, 2022 was Rs. 42,987 Crores
- Total Gross Advances (Credit card receivables) as of December 31, 2022 were Rs. 38,626 Crores
- Net worth as of December 31, 2022 was Rs. 9,530 Crores 
- The Gross non-performing assets were at 2.22% of gross advances as on December 31, 2022
-  Net non-performing assets were at 0.80% as at December 31, 2022 
- Company’s CRAR was 23.3%
- Capital Adequacy Ratio at 23.3%; Tier 1 at 20.6%
- New accounts volume at 1,634K accounts for Q3 FY23 up by 62%
- Card-in-force grew by 21% to 1.59 Crores as of Q3 FY23

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About the Author

Shreya Anaokar is a Content Writer at 5paisa. She has completed her Master’s in Finance and Graduation in Statistics from the University of Mumbai. 


Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.

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