SBI Card plans to raise Rs 2,000 crore via NCDs

Last month, SBI Cards had informed that it had raised Rs 550 crore through issuing NCDs on a private placement basis. The NCDs have a tenure of three years with a coupon rate of 5.9% per annum. The company had announced fund-raising after new MD and CEO Rama Mohan Rao Amara took over in January 2021.

from Banking & Finance – The Financial Express https://ift.tt/3l3z81m