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SBI Card gets nod to raise Rs 2,000 crore via NCDs

09 Nov 2021 Evaluate

SBI Cards and Payment Services’ (SBI Card) board of directors has approved raising of funds by way of issuance of non-convertible debentures (NCDs) aggregating to Rs 2,000 crore. The money will be raised in one or more tranches, and the said issuance will be done on a private placement basis.

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

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