Archive · 6 Nov 2025
SBI Life-owned NBFC Paisalo Digital Allocates NCDs Worth ₹80 Crore
A company owned by SBI Life Insurance, called Paisalo Digital, is borrowing money by selling special IOUs called non-convertible debentures.
They are selling ₹80 crore worth of these debentures.
Some of these debentures will be paid back in two years with an 8.45% interest rate, and others will be paid back in three years with an 8.50% interest rate.
If the company is late in paying back the money or the interest, they will pay an extra 2% interest.
This is a way for the company to get money to run its business.
Paisalo Digital, an NBFC owned by SBI Life, has allotted non-convertible debentures (NCDs) totaling ₹80 crore.
The allotment includes two NCD issues: one worth ₹55 crore with an 8.45% coupon rate and a two-year tenure.
The second NCD issue is worth ₹25 crore with an 8.50% coupon rate and a three-year tenure.
Both NCDs have a face value of ₹1 lakh, with annual coupon payments and principal paid at maturity.
Paisalo Digital will face a 2% penalty above the coupon rate for delays exceeding three months in interest or principal payments.
- Who
- Paisalo Digital, an SBI Life-owned NBFC
- What
- Allotted non-convertible debentures (NCDs) worth ₹80 crore across two issues.
- When
- Announced on Thursday (date not specified, but filing refers to November 6, 2027 and 2028 maturities)
- Where
- The company operates in India.
- Why
- To raise capital through debt instruments.
- Company
- Paisalo Digital
- NBFC Owner
- SBI Life Insurance
- Total NCD Allocation
- ₹80 crore
- NCD Issue 1 Details
- ₹55 crore, 8.45% coupon rate, 2-year tenure, maturity Nov 6, 2027
- NCD Issue 2 Details
- ₹25 crore, 8.50% coupon rate, 3-year tenure, maturity Nov 6, 2028
- Late Payment Penalty
- 2% above coupon rate if delay > 3 months
- SBI Life Stake
- 6.83% as of Q2 FY26