Comments
Bullish about the credit card business, SBI Card on Tuesday said that the zero merchant discoutnrate will not be a challenge for it.
“Nothing has been talked about for credit cards. Don’t expect MDR to be a challenge for the company,” said Dinesh Kumar Khara, Managing Director, SBI.
SBI Card Managing Director and CEO Hardayal Prasad also said that MDR for credit cards is not on the table.
SBI Card, which is the credit card subsidiary of State Bank of India (SBI), is set to launch its initial public offering on March 2. The price band is fixed at Rs 750-Rs 755 per share.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.