Latest news with #SBICards&PaymentServicesLtd
Time of India
05-07-2025
- Business
- Time of India
Directors of travel firm booked for 106cr fraud
Mumbai: Seven people, including two chartered accountants from Cox & Kings, were booked on Friday in a new case involving cheating and forgery amounting to Rs105.93 crore. The charges pertain to company directors Ajay Kerkar, Urshila Kerkar, Anthony Good, Pessy Patel, Mahalinga Narayan, besides its chief financial officer Anil Khandelwal, internal auditor Naresh Jain. The eighth entity which has been booked is the company itself, says the FIR. According to the FIR, the company's board members and officers prepared fake balance sheets, submitted them to SBI Cards & Payment Services Ltd, falsely showed the company as profitable, and obtained seven corporate cards. Also, the company failed to pay EMIs of cards on time." You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai The complaint mentions that between 2013 and 2018, Cox & Kings recorded a turnover of Rs 1,541 crore using corporate cards and paid Rs 1,467 crore to SBI Cards. The company applied for an increased credit limit, and SBI Cards extended Rs 90 crore until June 2019. At this point, the company failed to pay GST and TDS on time. In the same month, the company declared bankruptcy and submitted related reports to Sebi, NSE, and BSE. "
Business Standard
04-07-2025
- Business
- Business Standard
SBI Cards & Payment Services Ltd drops for fifth straight session
SBI Cards & Payment Services Ltd is quoting at Rs 909.15, down 0.25% on the day as on 13:19 IST on the NSE. The stock jumped 25.93% in last one year as compared to a 4.27% rally in NIFTY and a 13.07% spurt in the Nifty Financial Services index. SBI Cards & Payment Services Ltd fell for a fifth straight session today. The stock is quoting at Rs 909.15, down 0.25% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.17% on the day, quoting at 25361.7. The Sensex is at 83120.79, down 0.14%.SBI Cards & Payment Services Ltd has eased around 3.73% in last one Nifty Financial Services index of which SBI Cards & Payment Services Ltd is a constituent, has increased around 1.31% in last one month and is currently quoting at 26734.9, down 0.01% on the day. The volume in the stock stood at 3.66 lakh shares today, compared to the daily average of 18.09 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 912.1, down 0.33% on the day. SBI Cards & Payment Services Ltd jumped 25.93% in last one year as compared to a 4.27% rally in NIFTY and a 13.07% spurt in the Nifty Financial Services index. The PE of the stock is 45.23 based on TTM earnings ending March 25.
Business Standard
24-06-2025
- Business
- Business Standard
SBI Cards & Payment Services Ltd soars 2.68%
SBI Cards & Payment Services Ltd is quoting at Rs 981.55, up 2.68% on the day as on 12:49 IST on the NSE. The stock is up 34.09% in last one year as compared to a 6.4% spurt in NIFTY and a 14.36% spurt in the Nifty Financial Services index. SBI Cards & Payment Services Ltd is up for a third straight session in a row. The stock is quoting at Rs 981.55, up 2.68% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.07% on the day, quoting at 25239.9. The Sensex is at 82763.96, up 1.06%. SBI Cards & Payment Services Ltd has risen around 8.28% in last one month. Meanwhile, Nifty Financial Services index of which SBI Cards & Payment Services Ltd is a constituent, has risen around 1.11% in last one month and is currently quoting at 26556.5, up 1.24% on the day. The volume in the stock stood at 6 lakh shares today, compared to the daily average of 11.92 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 983, up 2.77% on the day. SBI Cards & Payment Services Ltd is up 34.09% in last one year as compared to a 6.4% spurt in NIFTY and a 14.36% spurt in the Nifty Financial Services index. The PE of the stock is 47.43 based on TTM earnings ending March 25.
