# SBI Cards Q2 profit jumps 75% YoY to Rs 778 crore as bad loan costs fall sharply — retained record > Retained news record from news:india-et-markets. Canonical: https://highsignal.app/data/records/1b4ec55682acfe5b [← sources](https://highsignal.app/data) source: [news](https://highsignal.app/data/news) (news:india-et-markets) published 2026-10-23 13:45 ingested 2026-10-23 15:34 [original source ↗](https://economictimes.indiatimes.com/markets/stocks/earnings/sbi-cards-q2-profit-jumps-75-yoy-to-rs-778-crore-as-bad-loan-costs-fall-sharply/articleshow/135147815.cms) ## extract Total income increased 3% year-on-year to Rs 5,302 crore from Rs 5,136 crore. Impairment losses and bad debt expenses declined 37% year-on-year to Rs 819 crore from Rs 1,293 crore, providing a significant boost to profitability. The company's net interest margin narrowed by 42 basis points year-on-year to 10.8%. “During Q2 of FY27, we continued to focus on building a healthy, sustainable and well-balanced portfolio, while maintaining our priorities around profitable customer acquisition, customer engagement, operating efficiency and portfolio quality,” said Salila Pande, MD, SBI Cards during the post earnings analyst call. The company's gross non-performing asset (GNPA) ratio improved to 1.90% at September-end from 2.85% a year earlier, while the net NPA ratio declined to 0.77% from 1.29%. Gross write-offs fell 34% year-on-year to Rs 849 crore, reflecting an improvement in the credit quality of its portfolio. However, growth in the underlying business remained modest. Overall credit card spends increased just 3% year-on-year to Rs 1.11 lakh crore from Rs 1.07 lakh crore. While retail spends rose 6% to Rs 95,299 crore from Rs 89,611 crore, corporate card spends declined 12% to Rs 15,390 crore from Rs 17,452 crore. Outstanding receivables contracted 2% year-on-year to Rs 58,376 crore from Rs 59,845 crore, despite an expansion in the customer base. Interest-earning receivables accounted for approximately 55% of the portfolio. The number of cards in force increased 8% year-on-year to 2.32 crore from 2.15 crore. New account acquisitions rose 18% to 11.06 lakh during the quarter, compared with 9.36 lakh in the year-ago period. Despite the expansion in its card base, SBI Cards' market share in outstanding cards declined to 18.5% from 19% a year earlier. Its market share in spending, however, improved to 18.2% from 17.7%, reflecting an increase in its share of industry transaction value. The company also made an additional impairment provision of Rs 30 crore during the quarter, citing uncertainty in the macroeconomic environment due to prolonged geopolitical tensions. This took the cumulative additional impairment provision to Rs 100 crore at September-end. “Our forward agenda rests on five levers, expanding our footprints into Tier 2 and Tier 3 markets, focusing on banker penetrations, deepening premiumisation and spend per card, optimisation of credit costs, enhancing our digital and data analytics capabilities and sustaining cross-discipline,” Pande said. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price ## retained text ``` Listen to this article in summarized format Total income increased 3% year-on-year to Rs 5,302 crore from Rs 5,136 crore. Impairment losses and bad debt expenses declined 37% year-on-year to Rs 819 crore from Rs 1,293 crore, providing a significant boost to profitability. The company's net interest margin narrowed by 42 basis points year-on-year to 10.8%. “During Q2 of FY27, we continued to focus on building a healthy, sustainable and well-balanced portfolio, while maintaining our priorities around profitable customer acquisition, customer engagement, operating efficiency and portfolio quality,” said Salila Pande, MD, SBI Cards during the post earnings analyst call. The company's gross non-performing asset (GNPA) ratio improved to 1.90% at September-end from 2.85% a year earlier, while the net NPA ratio declined to 0.77% from 1.29%. Gross write-offs fell 34% year-on-year to Rs 849 crore, reflecting an improvement in the credit quality of its portfolio. However, growth in the underlying business remained modest. Overall credit card spends increased just 3% year-on-year to Rs 1.11 lakh crore from Rs 1.07 lakh crore. While retail spends rose 6% to Rs 95,299 crore from Rs 89,611 crore, corporate card spends declined 12% to Rs 15,390 crore from Rs 17,452 crore. Outstanding receivables contracted 2% year-on-year to Rs 58,376 crore from Rs 59,845 crore, despite an expansion in the customer base. Interest-earning receivables accounted for approximately 55% of the portfolio. The number of cards in force increased 8% year-on-year to 2.32 crore from 2.15 crore. New account acquisitions rose 18% to 11.06 lakh during the quarter, compared with 9.36 lakh in the year-ago period. Despite the expansion in its card base, SBI Cards' market share in outstanding cards declined to 18.5% from 19% a year earlier. Its market share in spending, however, improved to 18.2% from 17.7%, reflecting an increase in its share of industry transaction value. The company also made an additional impairment provision of Rs 30 crore during the quarter, citing uncertainty in the macroeconomic environment due to prolonged geopolitical tensions. This took the cumulative additional impairment provision to Rs 100 crore at September-end. “Our forward agenda rests on five levers, expanding our footprints into Tier 2 and Tier 3 markets, focusing on banker penetrations, deepening premiumisation and spend per card, optimisation of credit costs, enhancing our digital and data analytics capabilities and sustaining cross-discipline,” Pande said. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price ``` document fetched 2026-10-24 11:24