HDFC, Yes Bank pay higher advance tax in Q2 FY 11

Private sector Yes Bank has paid 81 per cent more as advance tax at Rs 105-crore as against Rs 58-crore in the year-ago period, the bank said in a statement here on Wednesday.

The two financial sector players have paid more advance tax in Q2 FY 11 as against their pay-outs in the year-ago period, indicating that the financial sector is geared to give a healthy performance this fiscal.

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