SBI Cards and Payment Services (SBI Card) has raised Rs 525 crore through allotment of 525 Fixed Rate, Unsecured, Rated, Taxable, Redeemable, Subordinate Tier II, Listed, Non-Convertible Debentures (NCDs) of the face value of Rs 1,00,00,000 each, at par, under Series 34 on private placement basis. The 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.