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Bank tax News

16 Mar 2016

Banks see a plunge in advance tax payments as NPAs bite

Bad loans have hit the banking sector's advance tax payouts for March quarter, with SBI paying a 60 percent lower tax, ICICI Bank showing a marginal increase, while HDFC Bank posting a 14 percent growth in tax liability.

20 Apr 2015

Britain's bank tax jump threatens to push HSBC, StanChart to new home

"There is a very clear risk that HSBC and StanChart reach a pain threshold where they think it is no longer worth staying in the UK," said Richard Buxton, head of equities at Old Mutual Global Investors, which owns HSBC shares and who said the bank was reflecting on a move.

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