SBI cards made debut with 12% below issue price at stock market
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The credit arm of India’s largest public sector bank SBI has made a weak debut in the stock exchange today. SBI cards and payments services has listed at Rs 661 per share on the NSE, which is 12.45% down from its offer price of Rs 755 apiece. On the BSE also, it was listed at a price of Rs 658 apiece, 12.58% down from its initial offer price. Worldwide, the stock markets are down due to rapidly spreading COVID19.