SBI Cards and Payment Services Ltd released a statement regarding their board meeting. The board of directors approved the raising of funds through the issuance of Non-Convertible Debentures (NCDs). The NCDs will amount to Rs.3,000 Crores. The issuance will take place in one or more tranches. The funds will be raised on a private placement basis.
In the quarter that ended 31st March 2023, SBI Cards and Payment Services reported a net profit of Rs.596.5 crore, representing a 2.7% increase compared to the corresponding quarter of the previous fiscal year.
SBI Cards and Payment Services witnessed a growth in new accounts volume, with 1,371,000 accounts added in Q4 FY23, a 37% increase from the 1,002,000 accounts added in Q4 FY22.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.