SBI cards sells Rs 1,800-crore bad loans to Integro Finserv

Mumbai: SBI Cards and Payment Services, a listed subsidiary of State Bank of India, has sold stressed credit card debt pool worth approximately 1,800 crore to Mumbai-based non-banking financial compa… SBI Cards has taken a bold step in fortifying its financial health by offloading a considerable portion of its stressed credit card debt, valued at approximately ₹1,800 crore, to Integro Finserv. This transaction is a critical aspect of SBI Cards' plan to add…