Finance
Potter HeadSBI's GIFT City Quest: Tax Holiday's Magical Deadline Approaches
Hark! In the enchanted realm of GIFT City, the noble SBI seeks a magical extension of its 10-year tax holiday, set to vanish like a spell gone awry! With its treasure chest swelling to $10 billion thanks to foreign currency charms, the bank is crafting a new fortress. Yet, like a mysterious wizard, SBI remains silent, leaving us in suspense akin to a Quidditch final showdown.
few days ago | Samie Modak, Subrata Panda
Quick rundown
1.SBI seeks tax holiday extension for GIFT City unit.
2.The tax holiday for SBI's GIFT City unit ends next year.
3.SBI's GIFT City balance sheet has grown to $10 billion.
4.SBI has invested in a new building at GIFT City.
5.SBI's foreign currency borrowing has surged recently.
