in SEZs. Earlier tax on banking services had been raised to 12% from 10%. This includes essentially money transfer through different modes like electronic fund transfer and banking services to issuers of capital market instruments.
RNCOS' recent report -"Indian Banking Sector Analysis (2006-2007)", talks about the emerging prospects of the Banking sector in India. As per views by a senior research analyst at RNCOS -"the burgeoning economic activity and encouraging prospects of growth in SEZs such as exemption from CRR (cash reserve ratio) and SLR (statutory liquidity ratio) and other statutory pre-emptions, will fuel the business of OBUs." It's also predicted that since OBUs will observe international lending rates, service-based revenue will increase considerably.
This report throws light on certain critical aspects of the banking sector environment through:
·Insights into the trends in Indian Banking Sector.
·Pinpointing factors driving growth.
·Assessing the opportunities, strategies and challenges in the Indian Banking Sector.
·Identifying brand leaders and understanding the competitive environment
·The services driving Banking Sector in India.
The report further provides extensive research and objective analysis on the growing banking sector services in India.
For more information visit: http://www.rncos.com/Report/FM005.htm
Current Industry News: http://www.rncos.com/blog
We provide global business information for industry research, business consulting, & bring reputed companies and firms to us for business enhancement solutions.
Here are some more accountant articles...
Accountant Indicted On Fraud Is By No Means Perfect The rates for special sorts of rake-off may vary and some may in no way be taxed at one and all. For a period of over 150 years from 1695 a window tax was levied in England, with the artifice Read more...
|
Free Advice On French Lease Back Property By Ewan McGarrie French leaseback property, also known as LMNP, for loué meublé non-professionel, was introduced in the early 1980’s by the French government to increase the quantity of holiday accommodation Read more...
|
Tax Return Online Can Ease Your Tax Calculation Work By Michelle Barkley Paying taxes has always been a bothersome and time consuming work, and many people in fact dread doing this calculation in the tax paying season. Filing taxes have become so easier these days that Read more...
|
Focus on Investment Supervision If such a tax is levied on inherited jack then it can perform seeing that a de facto probate or inheritance tax. Among those with small estates ($1 million or less), taxing wampum gains at Read more...
|