SBI soars 3.7%
State Bank of India soared 3.7 percent to Rs 206.35 on BSE on reports the bank is considering a proposal to hive off its stressed-loan portfolio into a separate company.
Meanwhile, the S&P BSE Sensex was up 280.87 points or 1.05 percent at 27,058.32.
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Visa and MasterCard are said to be lobbying the government to make sure that they don’t lose out amid India’s digital payments push, which is being forged through homegrown applications such as the Unified Payment Interface (UPI), Bharat Interface for Money (BHIM) and now Aadhaar Pay, also known as the BHIM-Aadhaar interface. Equity tips
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