MUMBAI (NewsRise) -- State Bank of India's credit cards unit is gearing up for the launch its initial public offering amid bets that improving liquidity in the banking system and more government reforms will boost the stock market.
Finance
State Bank's credit card unit lines up IPO on bets Modi reforms to cheer investors
As many as 16 IPOs have already won regulatory approval
SBI has filed an initial draft with the Securities Exchange Board of India to sell up to a 4% stake in its credit card business. © Reuters
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