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SBI Card gets nod to raise Rs 2,000 crore

13 Mar 2021 Evaluate

SBI Cards and Payment Services (SBI Card) has received an approval for raising of funds by way of issuance of non-convertible debentures (NCDs) aggregating to Rs 2,000 crore. The company will raise the money in one or more tranches over a period of time. The board of directors of the company, at its meeting held on March 12, 2021 has approved the same.

SBI Cards and Payment Services is a payment solutions provider in India.

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