SBI Cards and Payment Services is planning to raise funds through issuance of Non-Convertible Debentures (NCDs) aggregating to Rs 3,000 crore through private placement, in one or more tranches over a period of time. The meeting of the Board of Directors of the Company is scheduled on June 5, 2023, to consider and approve the same.
SBI Cards and Payment Services is a payment solutions provider in India.