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SBI chairman calls for level playing tax field for bank deposits, says equities don’t need tax favours anymore
SBI Chairman CS Setty has advocated for equal tax treatment for bank deposits and equity investments. He believes the equity market has matured, warranting an end to special tax benefits. This call comes as household savings shift towards equities, impacting bank deposit mobilization. Banks need new financing avenues for infrastructure projects amid this financialization trend.
Sources: Economic Times - Banking, Hindu, NDTV +13 more
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