SBI card outperformance may not last too long: Prakash Diwan
Market expert Prakash Diwan believes that the performance of SBI Cards shares may not last too long. “I’ve never been a big fan of this space and very few of the actors listed are there, but what’s happening around the world and in India more at a pace that’s particularly frenetic for us. The adaptation of other payment mechanisms are probably going to leave cards in one place, which isn’t very high growth anymore, as much as you’ve seen around the world or in the United States,” he told CNBC-TV18. .
“Once the biggest market leader or one of the biggest players blinks, you’re likely to see a change in market share happening. So it could be SBI, it could be HDFC, and at some point, ICICI Bank card business, so you will see the market share change,” he adds.