SBI Cards and Payment Services Ltd

Nbfc

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Methodology v1.0 Download Report (PDF)
Latest Rating
AAA (CRISIL)
Total Debt Outstanding
₹6,185 Cr
Across 8 instruments
Listed Bonds
8
First Issue
2019-01-29
Latest Issue
2025-07-30
Maturity Range
2028 - 2034
Observation
8 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
01 Issuer Overview
Sector
Issuer Type
Nbfc
First Tracked Bond
2019-01-29
Start of this issuer's debt program timeline
  • 8 active bonds tracked from this issuer.
  • 0 of 8 tracked bonds with a stated security status are secured. (based on 8 bonds with a disclosed security status)
  • Most recent rating action: other by CRISIL on 2026-06-25.

SBI Cards and Payment Services Ltd, an NBFC, is tracked on RetailBonds.in. Outstanding bonds carry coupons between 7.05% - 9.55%, paid annual. Maturities on outstanding bonds fall between 2028 - 2034.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
8
Tracked by RetailBonds
Amount Tracked
₹6,185 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
8.32%
Range 7.05% - 9.55%
Avg Remaining Tenure
4.7 Yrs
Nearest maturity 2028-05
Secured
0%
0 of 8 bonds with known status
Callable
0
Of 8 bonds
Avg Spread vs G-Sec
+202 bps
Credit premium (indicative)

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (3 bonds).

0 2028: 2 bonds, ₹2,810 Cr tracked, avg coupon 7.45% 2 bonds 2028 2029: 2 bonds, ₹350 Cr tracked, avg coupon 9.27% 2 bonds 2029 2032: 1 bond, ₹250 Cr tracked, avg coupon 8.25% 1 bond 2032 2034: 3 bonds, ₹2,775 Cr tracked, avg coupon 8.29% 3 bonds 2034

Security Type / Instrument Mix

  • NCD 8 bonds · 100% · ₹6,185 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2019: ₹350 Cr issued 2019 2022: ₹250 Cr issued 2022 2023: ₹810 Cr issued 2023 2024: ₹2,775 Cr issued 2024 2025: ₹2,000 Cr issued 2025 Cumulative: ₹350 Cr Cumulative: ₹600 Cr Cumulative: ₹1,410 Cr Cumulative: ₹4,185 Cr Cumulative: ₹6,185 Cr

Based on 8 of 8 active bonds with a known issue date and issue size.

03 Credit Profile
  • AAA 8 bonds · 100%
AgencyRatingOutlookBonds
ICRA AAA 5
CRISIL AAA 3
CRISIL AAA Stable 2

Recent Rating Actions

2026-06-25 · CRISIL
Other
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade
INE018E08334 7.85% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES 33 DATE OF MATURITY 17/05/2028 7.85% AAA (ICRA) 2028-05-17
INE018E08375 SBICPSL-7.05%-28-07-28-PVT 7.05% AAA (CRISIL) 2028-07-28
INE018E08144 SCPSPL-9.55%-29-1-29-PVT 9.55% AAA (CRISIL) 2029-01-29
INE018E08169 SCPS-8.99%-12-6-29-PVT 8.99% AAA (CRISIL) 2029-06-12
INE018E08300 8.25% UNSECURED RATED LISTED SUBORDINATE TIER 2 NON CONVERTIBLE DEBENTURE. SERIES 30. DATE OF MATURITY 30/06/2032. 8.25% AAA (ICRA) 2032-06-30
INE018E08342 SBICPSL-8.33%-24-1-34-PVT 8.33% AAA (CRISIL) 2034-01-24 7.76% 2026-08-11
INE018E08359 8.29% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE SUBORDINATED TIER II DEBENTURE SERIES 35 DATE OF MATURITY 28/02/2034 8.29% AAA (ICRA) 2034-02-28
INE018E08367 SCPSL-8.25%-8-8-34-PVT 8.25% AAA (CRISIL) 2034-08-08 7.98% 2026-08-04
Compare (/) Compare Bonds

YTM and Last Trade depend on secondary-market volume — shown only for bonds with a recorded BSE/NSE trade.

05 Market Activity

Last 30 days, across all outstanding bonds from this issuer.

Traded Value (Last 30 Days)
₹0.0 Cr
Number of Trades (Last 30 Days)
4
Avg. Yield (Last 30 Days)
7.87%
06 Regulatory Filings
BSE Corporate Announcements
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 10 2025-08-31
Rating Actions History 1 2026-06-25
Secondary-Market Trades 7 2026-08-11
Reg52(4) Payment Disclosures 0

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does SBI Cards and Payment Services Ltd have?

SBI Cards and Payment Services Ltd currently has 8 active bonds with coupons 7.05% - 9.55%, maturities spanning 2028 - 2034.

What is SBI Cards and Payment Services Ltd's credit rating?

The most recent rating on SBI Cards and Payment Services Ltd's bonds is AAA (CRISIL), published by CRISIL, ICRA.

Are SBI Cards and Payment Services Ltd's bonds secured?

Of the 8 bonds with a disclosed security status, 0 are secured (0%) and 8 are unsecured.

When do SBI Cards and Payment Services Ltd's bonds mature?

SBI Cards and Payment Services Ltd's active bonds mature between 2028 - 2034; the nearest matures in 2028-05; the average tenure is 4.7 Yrs.

What is the average coupon on SBI Cards and Payment Services Ltd's bonds?

The average coupon across SBI Cards and Payment Services Ltd's 8 active bonds is 8.32%.

Disclaimer: This page aggregates publicly available data about SBI Cards and Payment Services Ltd for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.