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Bloomberg Quint
1d
22
Image Credit: Bloomberg Quint
SBI Cards' November Spending Market Share Falls, But Morgan Stanley Maintains 'Equal-Weight'
- SBI Cards' November spending market share fell due to RBI's rules on corporate card spending.
- The spending market share in November was 14.9%, down from 19.6% YoY and 15.8% MoM.
- Number of cards in force market share stood at 18.7% in November.
- Morgan Stanley maintains 'equal-weight' rating on SBI Cards with a target price of Rs 650 per share.
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