SBI Card raises 700 crore as funding for its growth
SBI Card has acquired ₹100 crore from ICICI Securities Primary, ₹250 crore from SBI, ₹50 crore from Canara Bank and ₹50 crore from Axis Bank by issuing NCDs at 9.15% coupon. It has raised ₹250 crore from Axis Bank in the form of NCDs at a coupon of 9.55%
Did you Know
NCDs stand for Non-Convertible Debentures