Stocks that were in focus included names like Karnataka Bank which was up over 14%, SBI which rose more than 1% ahead of results, and Titan Company which closed flat also ahead of results.
FCNR(B) hurdle: Singapore holds ground on withholding tax
Given the spread between interest offered on FCNR deposits and interest charged on loans, a 10% WTH on loan interest on tax grossed-up basis would