SBI Cards and Payment Services (SBI Card) has raised Rs 650 crore through Unsecured, Rated, Taxable, Redeemable, Senior, Listed Non-Convertible Debentures (NCDs) and allotted 5.82% p.a.,6500 NCDs having face value of Rs 10,00,000 each, at par.
Date of maturity of said NCDs will be December 24, 2024. Stakeholders' Relationship and Customer Experience Committee of the Company has approved the same.
SBI Cards and Payment Services is a payment solutions provider in India.