India's SBI Cards aims to keep non-performing assets at 2.4-2.5% -CEO [Reuters]
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Source: Reuters
India's SBI Cards aims to keep non-performing assets at 2.4-2.5% -CEO MUMBAI, Feb 25 (Reuters) - India’s SBI Cards aims to keep the proportion of non-performing assets at 2.4%-2.5% of its total assets, Chief Executive Officer Hardayal Prasad said on Tuesday while addressing the media ahead of the company’s initial public offering. Gross non-performing assets stood at 2.47% at the end of last year, down from around 2.9% in March 2018. SBI Cards and Payments Services Ltd, the credit card subsidiary of the country’s largest lender State Bank of India (SBI), aims to raise nearly $1.25 billion via an initial public offering. The company plans to issue new shares worth 5 billion rupees and will offer up to 130.5 million shares for sale, according to its p
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CG
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- CG's page on the SEC website