SBI Cards gets more time to implement credit card norms but Street remains cautious

Shares of SBI Cards and Payment Services declined on Wednesday, even as the payment solutions provider got an extension to implement key norms on credit cards as mandated by the Reserve Bank of India (RBI). SBI Cards shares fell more than 2 percent in early trade and the stock was trading 1.3 percent lower at Rs 710.60 on BSE at 11:24 am. Barring a select few sessions, the stock has been on a downhill through June, though amid an overall…