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SBI Card raises Rs 500 crore through NCDs

16 Sep 2022 Evaluate

SBI Cards and Payment Services (SBI Card) has raised Rs 500 crore through the allotment of 5000 Fixed Rate, Unsecured, Rated, Taxable, Redeemable, Senior, Listed Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 each, at par, under Series 31 on private placement basis. Stakeholders' Relationship and Customer Experience Committee of the Company has approved the allotment of the same.

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

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