SBI Cards and Payment Services Limited — Credit Ratings, 24-10-2025: Credit Rating- New

ICRA has reaffirmed SBI Cards and Payment Services' long-term [ICRA]AAA (Stable) and short-term [ICRA]A1+ ratings for various debt instruments and bank facilities, totaling Rs. 75,850 Cr. This includes an enhanced Rs. 15,000 Cr term loan, also rated [ICRA]AAA (Stable). The stable outlook is supported by strong parentage and adequate capital.