SBI Cards and Payment Services (SBI Card) is planning to raise up to Rs 2,000 crore through the issuance of debt securities in one or more tranches. A meeting of the board of directors of the company is scheduled to be held on Friday (March 12) to consider and approve raising of funds by way of issuance of non-convertible debentures, aggregating to Rs 2,000 crore.
SBI Cards and Payment Services is a payment solutions provider in India.