The windfall that State Bank of India earned from the initial public offer (IPO) of SBI Cards & Payment Systems would prove handy in its proposed investment in YES Bank. According to the government draft restructuring plan for YES Bank, the country’s largest lender will pick up a 49 per cent stake in the reconstituted Yes Bank and infuse Rs 2,450 crore in lieu of its stake.
Health, life insurance premiums need a tax cut? GoM to meet on October 19
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