HDFC Bank, ICICI Bank and Axis Bank have not yet activated the BBPS. These company have issued a combined of over 5 crore credit cards to customers. As many lenders have not yet complied with RBI’s directions on BBPS, fintechs like PhonePe and Cred will also not be able to process payments on credit card…
NEW DELHI: SBI Cards and Payment Services Ltd on Thursday reported an 8 per cent rise in net profit to Rs 549 crore for the third quarter ended December 2023. The pure-play credit card company, promoted by SBI, had posted a net profit of Rs 509 crore during the corresponding period of the previous financial…
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….
