- SBI Card predicts a 4% decrease in its capital adequacy ratio following the Reserve Bank of India’s (RBI) decision to tighten consumer credit norms.
- The company views this as a positive move by the RBI to encourage prudent growth in unsecured lending, and assures it has sufficient resources to manage the impact.
- Despite the anticipated impact, SBI Card does not foresee a significant effect on its cost of funds during this financial year.
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