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    Why Morgan Stanley Is Cautious on SBI Cards Despite Improving Asset Quality

    6 hours ago

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    SBI Cards trades at 18x FY28 earnings and 2.9x price-to-book, which Morgan Stanley views as expensive relative to peers, especially given deteriorating growth and return metrics.

    SBI Cards trades at 18x FY28 earnings and 2.9x price-to-book, which Morgan Stanley views as expensive relative to peers, especially given deteriorating growth and return metrics.
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