SBI Cards and Payment Services reported retail spending rose 14% year-on-year to Rs94,033 crore in the June quarter while receivables grew just 3% to Rs58,269 crore, with interest income declining about 3% year-on-year to Rs2,421 crore. Bernstein and company disclosures show interest-earning assets accounted for about 55% of receivables, down from 60% a year earlier, while revolvers stood at 22% compared with about 40% in March 2020. SBI Cards management said revolving balances should now remain stable and that it seeks to expand EMI conversions to improve the share of interest-earning assets.