| The Central Board of Excise and Customs
| |
| | Sector Analysis (2006-2007)", talks about
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| (CBEC) has confirmed the government
| |
| | the emerging prospects of the Banking
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| decision of exempting banking services to
| |
| | sector in India. As per views by a senior
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| units positioned in any of the special
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| | research analyst at RNCOS -"the
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| economic zones from payment of service
| |
| | burgeoning economic activity and
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| tax. The confirmation was made in
| |
| | encouraging prospects of growth in SEZs
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| response to the query raised by Indian
| |
| | such as exemption from CRR (cash reserve
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| Banks Association (IBA). This comes as a
| |
| | ratio) and SLR (statutory liquidity
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| welcome relief both for the banks and the
| |
| | ratio) and other statutory pre-emptions,
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| promoters of SEZs. Even though there was
| |
| | will fuel the business of OBUs." It's
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| perceptible rush among banks for setting
| |
| | also predicted that since OBUs will
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| up OBUs (offshore banking units) in SEZs,
| |
| | observe international lending rates,
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| the trend is limited to sectors governed
| |
| | service-based revenue will increase
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| by the crypts and troughs of the global
| |
| | considerably. This report throws light on
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| economy, such as commodity export. The
| |
| | certain critical aspects of the banking
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| global commodity export prices had
| |
| | sector environment through: · Insights
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| earlier seen a significant downturn and
| |
| | into the trends in Indian Banking Sector.
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| that had consequently affected the
| |
| | · Pinpointing factors driving growth. ·
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| business of OBUs. This had been a major
| |
| | Assessing the opportunities, strategies
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| reason why RBI has decided to limit
| |
| | and challenges in the Indian Banking
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| license allotment to banks to set up OBUs
| |
| | Sector. · Identifying brand leaders and
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| in SEZs. Earlier tax on banking services
| |
| | understanding the competitive environment
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| had been raised to 12% from 10%. This
| |
| | · The services driving Banking Sector in
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| includes essentially money transfer
| |
| | India. The report further provides
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| through different modes like electronic
| |
| | extensive research and objective analysis
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| fund transfer and banking services to
| |
| | on the growing banking sector services in
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| issuers of capital market instruments.
| |
| | India.
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| RNCOS' recent report -"Indian Banking
| |
| |
|
