Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: VAT Audit :: empanelment :: list of goods taxed at 4% :: TDS :: form 3cd :: due date for vat payment :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS
« General »
 India’s GST among most complex in world, and it is 0% tax rate that is hurting the idea
 Can’t overrule courts with retrospective amendments, says Supreme Court
 Why tax planning should be an all-year round activity
 8 financial tasks you should do in the next 30 days
 Income Tax department may defend CPC in returns fraud case
  Income tax department sends notices to investors over tax treaty gains
 Seven months after GST rollout: Time for handholding over, Centre to intensify efforts to curb tax evasion
 Individual angels may get tax relief too
 The differences between tax and cess
 Startups that raised funds from angel investors face tax scrutiny
 Tax collection assumptions in India's budget ambitious

Step up for more acquisitions: PwC
May, 05th 2010

PricewaterhouseCoopers (PwC), one of the world's largest professional service firms and the largest of the Big Four auditing firms, stated Monday that foreign banks in China may speed up their pace of acquisitions over the next several years, as Chinese-funded banks are becoming more competitive in branch network and loan pricing.

To some extent, China's stimulus package plan makes Chinese-funded banks more competitive, and equipped with adequate capitals with numerous branches and a wide range of business, said Mervyn Jacob, PwC's financial services leader for Hong Kong & Chinese mainland.

Acquisitions will help foreign banks to expand the scale of their products and services as well as enlarge their customer base in China, said Chris Chan, a partner at PwC who also stated that equity investments in the city's commercial banks are also predicted to continue.

Parent companies of foreign banks are recovering from the financial crisis, which will offer foreign banks in China enough money for acquisitions, added Chan.
According to an investigation made by PwC, of the 41 foreign banks in China, about 32 banks plan to make acquisitions in China in the next three years. Asset management companies, securities and insurance firms, and companies in the rural banking sector are possible targets for foreign banks.

But foreign banks also face challenges, for China permits them to own up to 20 percent equity interest in local banks and can not own shares for more than two banks at any one time.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Contact Us

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions