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SBI Cards & Payment Services Q2 Review: JPMorgan, Nuvama Cut Targets As Margin Pressure Mounts

SBI Cards & Payment Services Q2 Review: JPMorgan, Nuvama Cut Targets As Margin Pressure Mounts

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JPMorgan lowered its target price on SBI Cards to Rs 505 from Rs 588, citing muted loan growth, potential net interest margin (NIM) pressure and the likelihood of credit costs bottoming out.

✦ Single Source 1 news outlet reporting

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