Global News

[ad_1] Last Updated: November 17, 2023, 11:48 IST Unsecured loans make up 100 percent of SBI Card’s AUM and 31.8 percent of the total loans issued by RBL Bank. The consumer credit of commercial banks and NBFCs has a risk weight of 100 per cent, which is now 125 per cent. RBL Bank and SBI Card, which fell 9.5 per cent and 6.7 per cent in the morning trade on November 17, were the hardest hit among the banking and NBFC names after the Reserve Bank of India (RBI) tightened the norms for personal loans and credit cards. RBL Bank slipped 9.5 per cent to Rs 230.555, while SBI Cards and Payment Services plunged 7 per cent to Rs 720.40, followed by AB Capital Money (6 per cent at Rs 168.50), Ujjivan Financial Services (5 per cent to Rs 556.05), L&T Financial Holdings (5 per cent at Rs 141.80), IDFC First Bank (4 per cent at Rs 117), IDBI Bank (4 per cent at Rs 63.08), Bajaj Finance (3 per cent at Rs 7,122) and State Bank of India (3 per cent at Rs 565.45) in intra-day trade. Why Are ...

[ad_1] NEW DELHI: SBI Card on Wednesday said it has raised up to Rs 525 crore by issuing non-convertible debentures to fund its business growth . It will allot 525 fixed rate , unsecured, rated, taxable, redeemable, subordinate tier II, listed, non-convertible debentures aggregating to Rs 525 crore on a private placement basis, according to a regulatory filing. They will have a face value of Rs 1 crore each and carry a coupon rate of 8.33 per cent, it said. [ad_2] Source link https://worldnews2023.com/business/sbi-card-raises-rs-525-crore-through-issuance-of-non-convertible-debentures-india-business-news-times-of-india/?feed_id=303217&_unique_id=664aa1f8328cd