SBI Cards IPO Best opportunity to earn money...!

SBI cards IPO ( Initial Public Offering ) 

• The SBI Cards IPO could raise as much as ₹9,600 crore through the issue
• India’s favourable demographics  large young population  is another crucial factor that the company is banking upon SBI Cards, the credit card arm of India’s largest public sector lender State Bank of India (SBI), last week filed its draft red herring prospectus for an initial public offering. The IPO could raise as much as ₹9,600 crore through the issue. Ahead of its IPO, Mint looks at the key factors that India’s second largest credit card issuer is banking on to ride the equity markets. 
• What is SBI Cards banking upon for its IPO?
  The initial public offering (IPO) of SBI Cards comes at a time when there has been a massive spurt in digital payment transactions, fuelled by massive innovation and offerings by financial institutions. Considering that India is one of the fastest growing economies in the world, its second largest credit issuer is banking upon rise in personal consumption that includes splurging on luxury goods, spending more on dining, entertainment, vacations and less on basic needs of house, food and education. Rapid urbanization is expected to improve infrastructure, create jobs, which in turn will propel savings. Besides, India’s favourable demographics large young population is another crucial factor that the company is banking upon.
• What is behind the rise in digital payments in India?
  Steps taken by the government and the banking regulator, especially in the last three years to launch innovative payment options, shift in consumer preferences have boosted online payments. The Jan Dhan, Aadhaar and Mobile (JAM) trinity, demonetization of high value currency in November 2016, rollout of Goods and Services Tax (GST) and the launch of real-time payments system Unified Payments Interface (UPI) have been key drivers of rapid growth in digital payments space. Besides, rise in internet usage, increase in smartphone penetration, affordable data, presence of large number of payment apps, a booming e-commerce sector and simple, hassle-free online payments have also contributed to the rise in digital payments, including credit cards.

• Advantages Of Credit Cards

• Purchasing Power: Credit Cards enable users to make big ticket purchases they might not otherwise be able to afford.
• Rewards: Many cards offer rewards programs that will accrue points, discounts, or other benefits like frequent flyer miles.
• Convenience: Credit cards reduce the need to carry cash. Most retailers accept credit cards and they are pretty much required for online purchases.
• Trackability: The electronic record keeping that comes with credit cards make it easy to track your spending and identify fraud.
• Use during an emergency: There are times when money is the simple solution to an emergency. If you get hit with an unexpected expense, credit cards can be the quick and easy solution you need.
• Builds credit history: Responsible use of a credit card over time builds your credit history, qualifying you for better interest rates and other financial benefits.
•                          Every one should try this IPO by applying through your demat account the price band will approximately Rs. 720 to 730.
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                             Total investment could be of 15000 only but this IPO is having capabillity to increases your investment up to 40%. 

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