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Entity-Specific Rating Rationales

23 Jun 2025

National Payments Corporation of India (NPCI): Rating reaffirmed; assigned to enhanced amount

National Payments Corporation of India (NPCI): Rating reaffirmed; assigned to enhanced amount

23 Sep 2024

National Payments Corporation of India (NPCI): Rating reaffirmed; assigned for enhanced amounts

National Payments Corporation of India (NPCI): Rating reaffirmed; assigned for enhanced amounts

11 Sep 2023

National Payments Corporation of India (NPCI): Rating reaffirmed

National Payments Corporation of India (NPCI): Rating reaffirmed

20 Sep 2022

National Payments Corporation of India (NPCI): Rating reaffirmed

National Payments Corporation of India (NPCI): Rating reaffirmed

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Entity-Specific Credit Perspective Reports

23 Oct 2024

National Payments Corporation of India (NPCI)

National Payments Corporation of India (NPCI) (Non-SF)

10 Oct 2023

National Payments Corporation of India (NPCI)

National Payments Corporation of India (NPCI) (Non-SF)

14 Oct 2022

National Payments Corporation of India (NPCI)

National Payments Corporation of India (NPCI) (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Short-term fund-based - Bank facilities [ICRA]A1+ -- -- --

Our Analysts

Analyst 1

Sandeep Sharma

Analyst 2

Manushree Saggar

Sector Head

Karthik Srinivasan
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19 Jun 2025 04:00 PM

ICRA Webinar on Recalibrating the drive: Auto components in a changing landscape

--By Mr Jitin Makkar,Mr. Srikumar K
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11 Jun 2025 04:00 PM

Securities Broking Sector: Structural drivers to support performance at a healthy level, despite signs of deceleration

--By Mr. Karthik Srinivasan,Mr. Anil Gupta,Mr. Deep Inder Singh
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