A meeting of the board of directors of the company is scheduled to be held on Friday (March 12) to consider and approve raising of funds by way of issuance of non-convertible debentures, SBI Cards said.
SBI Cards and Payment Services, the credit card arm of SBI, have delivered a massive return of 117 per cent over the last nine months, from its 52-week low of Rs 495.25 as on May 22, 2020
Read more about SBI Card hits fresh lifetime high; m-cap nears Rs 1 trillion on Business Standard. At 11:18 am, SBI Card s m-cap stood at Rs 98,000 crore, after hitting high of Rs 98,350 crore in intra-day trade on the BSE
Read more about SBI Cards gains 5%, hits new high on assets quality improvement in Q3 on Business Standard. With adequate provisions already accounted in earnings, growth steadily making a comeback led by spends and fresh card issuances, analysts see SBI Cards to be an early player exiting out of Covid-19