A range of portfolio and account-level monitoring mechanisms, including early warning signals implemented by SBI Cards and Payment Services has helped in effectively managing and constraining credit costs, said the company's MD and CEO, Abhijit Chakravorty.

The pure-play credit card issuer SBI Cards and Payment Services Ltd (SBI Card) anticipates credit costs to remain elevated.

The company reported a near 15% year-on-year (YoY) increase in net profit for the second quarter at ₹603 crore.

The company's revenue from operations soared by 24% to ₹4,087.4 crore, marking a substantial gain from the previous year's ₹3,297.1 crore in the same period.

The stock has lost more than 5% over the past month.

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(Edited by : Shweta Mungre)