IndusInd bank appoints Akila Krishnakumar, Anil Tiwari as non-executive independent directors

SBI Cards and Payment Services’ net profit increased by 11% in the January-March quarter, beating Bloomberg’s estimate. The company also experienced a 25% growth in receivables and a 11% rise in credit card spends. However, corporate spends and new accounts declined. Net interest margin and market shares decreased, while asset quality and credit costs remain a concern.