These services were so far taxed at 15% and the hike in the tax rate means that individuals will have to pay Rs 3 more for every Rs 100 paid.
Banking liquidity continues to be at a surplus of Rs 3 lakh crore currently.
DBS launched a digi-bank last April that allows customers to transfer money to an e-wallet initially and later open a full fledged savings account using Aadhaar card.
Results show that net profit almost doubled to Rs 71 crore in the year ended March 2017 from Rs 37 crore in March 2016.
The Indian Banks' Association warned its members to take precaution in a way that would protect the individual banks as well as the system from the attack.
HDFC also reduced its interest rate on loans up to Rs 30 lakh by 15 basis points for women borrowers and 10 basis points for all others.
Investors will now look at Yes Bank, ICICI Bank and Axis Bank with a different lens after they under-reported their NPAs by 1% to 4% in the fiscal ended March 2016.
Bank under-reported NPAs by Rs 4,177 cr in FY16; provisioning for it would have cut profit by 22 per cent
The bank announced the share sale after receiving shareholder approval.
He does not expect the Fed balance sheet to come down to the pre-financial crisis.
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