CRISIL upgrades SBI Card's debt ratings across instruments

On October 16, 2025, SBI Cards and Payment Services Limited announced significant credit rating updates from CRISIL Limited. The company's total bank loan facilities, previously rated at INR 51,000 crore, have been enhanced to INR 57,000 crore, with a reaffirmed rating of Crisil AAA/Stable for Long Term and Crisil A1+ for Short Term.

Further, CRISIL assigned a Crisil AAA/Stable rating to the company's INR 1,500 crore Lower Tier II Bonds and INR 2,000 crore Non-Convertible Debentures. Reaffirmations include Crisil A1+ for INR 34,000 crore Commercial Paper and Crisil AAA/Stable for Lower Tier II Bonds aggregating INR 3,800.2 crore. Additionally, Non-Convertible Debentures aggregating INR 6,550 crore (reduced from INR 7,800 crore) also received a reaffirmed rating of Crisil AAA/Stable. These ratings reflect CRISIL's opinion on the high degree of safety regarding timely financial obligations and lowest credit risk.