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SBI Cards and Payment Services raises Rs 550 crore through NCDs

The company has allotted 5,500 NCDs having face value of Rs 10 lakh each, at par

SBI Cards and Payment Services has raised Rs 550 crore through Fixed Rate, Unsecured, Rated, Taxable, Redeemable, Senior. Non-Convertible Debentures (NCDs) and allotted 5,500 NCDs having face value of Rs 10 lakh each, at par, under Series 23. Date of maturity of the said NCDs will be February 23, 2024.

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