SBI Cards and Payment Services has received approval from board of directors for raising of funds by way of issuance of Non-Convertible Debentures (NCDs) aggregating to Rs 3,000 crore in one or more tranches, on private placement basis. The Board of Directors of the Company, at its meeting held on June 5, 2023 has, inter alia, approved the same.
SBI Cards and Payment Services is a payment solutions provider in India.