SBI Card FY20-end outstanding borrowing stands at Rs 17,363 cr

The company had the highest credit rating during the previous fiscal year ended March 2020 with AAA/ Stable rating by Crisil and ICRA, it said in a regulatory filing on Wednesday.

The credit card company, promoted by the country's largest lender SBI, said the borrowings at the end of the previous fiscal were provisional and subject to audit.

It further said that it shall be liable to pay a fine to BSE up to 0.2 per cent of shortfall in case there is a deficit in the mandatory borrowing through debt securities, to be levied at the end of the two-year block period.

Stock of SBI Cards and Payments Services was trading 1.76 per cent up at Rs 541.40 on BSE.

(To download our E-paper please click here. The publishers permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Free Press Journal