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SBI FROM REUTERS : Set To Hire BoFA-ML, Deutsche, IIFL, JM Fin, Kotak, SBI Cap For Rs 15,000 Cr QIP

“PSUs Can Help Augment Govt's Income”

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February 12: The government is trying hard to meet bridge its fiscal deficit and meet its target of 4.8%. Mint has learnt that the Finance Ministry is negotiating with the RBI for an interim payment or transfer of the bank's surplus. Speaking to Bloomberg TV India Mint's Deputy Managing Editor Tamal Bandyopadhyay says that the ministry’s decision will cushion the government against fiscal gap.