SBI Cards & Payment Services Ltd announced that ICRA Limited has reaffirmed its ratings on various instruments, including Non-Convertible Debentures totaling Rs 7,750, Subordinated debt of Rs 5,300, Long-term/Short-term Bank lines and Commercial Paper (CP) programme of Rs 34,000, Long-term/Short-term bank lines - Others of Rs 13,000, and Term Loans of Rs 15,000, all carrying the rating of [ICRA]AAA (Stable), with the exception of CP borrowings which hold a rating of [ICRA]A1+. Additionally, ICRA reaffirmed and withdrew a rating of [ICRA]AAA (Stable) on Non-Convertible Debentures amounting to Rs 800, and noted that certain instruments, including NCDs, Subordinated debt, and Commercial Paper, are subject to specific regulatory oversight from SEBI and RBI, while also highlighting a Tier I Capital to Risk-Weighted Assets Ratio of 20.3% as of June 30, 2026, and a Total Capital to Risk-Weighted Assets Ratio of 25.6% as of the same date.