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.