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SBI Card Doubles Its Profit By Allowing Its Users To Spend 80% More www.thinkwithniche.comban site

SBI Card, one of the top merchants of credit cards in India and the world, has reported its June quarter results with a substantial rise in profits to 627 crore, nearly more than doubling from Rs305 crore one year ago. The company also reported the growth of 33% in its revenues to reach 3,263 crore. Meanwhile, its interest income increased by just 20% to reach Rs1,387 crore.
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