India's GST Council agreed a number of changes to the country's goods and services tax regime, at its meeting on September 20, 2019.

A number of proposed tax changes intended to boost Dutch competitiveness and combat tax avoidance have been included in the official agreement between the four parties forming the next Government of the Netherlands.

BANDHAN BANK LTD share price has plunged 5% and is presently trading at Rs 262.

Meanwhile, the BSE BANKEX Index is at 22,880 (up 0.1%).

Among the top losers in the BSE BANKEX Index today are BANDHAN BANK LTD (down 5.0%) and RBL BANK LTD (down 8.1%).

ICICI BANK (up 2.0%) and KOTAK MAHINDRA BANK (up 1.4%) are among the top gainers today.

Over the last one year, BANDHAN BANK LTD has moved down from Rs 590 to Rs 262, registering a loss of Rs 328 (down 55.5%)..

The BSE BANKEX has moved down from 32,704 to 22,880, loss of 9,824 points (down 30.0%) during the last 12 months.

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.7%). The top gainers among the BSE Sensex stocks today are HUL (up 4.0%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.8%). DR. REDDYS LAB (up 4.3%) and HUL (up 4.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.24%).

BANDHAN BANK LTD Financial Update...

BANDHAN BANK LTD net profit stood at Rs 7 billion for the quarter ended December 2019, compared to a profit of Rs 3 billion a year ago. Operating income rose 64.7% to Rs 27.2 billion during the period as against Rs 16.5 billion in October-December 2018.

For the year ended March 2019, BANDHAN BANK LTD reported 45.0% increase in net profit to Rs 19.5 billion compared to net profit of Rs 13.5 billion during FY18.

Revenue of the company grew 38.4% to Rs 66 billion during FY19.

The current Price to earnings ratio of BANDHAN BANK LTD, based on rolling 12 month earnings, stands at 9.3x.

This article (BANDHAN BANK LTD Plunges by 5%; BSE BANKEX Index Up 0.1%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

The UK tax agency, HM Revenue and Customs, has released new guidance on its policies concerning cost-sharing groups following rulings from the European Court of Justice on their VAT treatment.

Globally, efforts are underway to develop a vaccine to treat Covid 19 which has stalled economic activity and led to death of over 2.77 lakh people across the world

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The move lifts the overhang of a warning letter for a plant that Dr Reddy's had been dealing with for long. Now all their plants have become USFDA compliant

Ernst and Young Solutions LLP, Singapore, has released its wish list for the Singapore Budget 2018, calling for reforms to sharpen the territory's competitiveness.

Singapore has announced that it has activated automatic exchange of information relationships with a total of 61 territories, as part of global efforts to tackle tax evasion and fiscal crime.

Singapore's tax agency has made two announcements recently concerning the automatic exchange of information on foreign taxpayers' affairs, on the Common Reporting Standard and the US Foreign Account Tax Compliance Act.

The Inland Revenue Authority of Singapore has updated its guidance on the introduction from January 1, 2020, of an obligation on Singaporean taxpayers to collect GST on imported services under a reverse charge.

The Malaysian Government in its Budget 2018 announced numerous tax changes, including an income tax cut, incentives for women to return to work, and tax relief for property investors and venture capital firms.

The IMF has welcomed Luxembourg's efforts to meet international tax standards but cautioned that international tax reform could hit the country's tax base.

A group of 21 Republican members of the US Senate have signed a letter to the Treasury Secretary urging him to amend how capital gains tax liability is calculated.

The Australian Government has set out the numerous changes made to the tax system on July 1 and launched a consultation on new tax rules for "stapled structures."

New Zealand's Finance and Expenditure Committee has recommended changes to legislation that would introduce a new requirement for offshore suppliers to collect GST on low-value goods supplied to New Zealand-based consumers.

Scientists at Microsoft Corporation's lab in the UK have developed a prototype interactive touch-screen that can see and recognize one's hand movements and anything near its surface.

Nearly three quarters of the sample reported having been "humorously" accused of promoting death; for example, being called "Dr. Death," in a recent survey of palliative care medicine practitioners.

Highlights : Worldwide, May 5th is commemorated as World Hand Hygiene Day every year On this day, awareness on the

The Bank of Canada has published the findings of its latest business outlook survey, which shows some concern among firms over the impact of US trade and tax policies.

Canada's auditors general have published a collaborative report on the country's response to climate change, which raises concerns about the success of the action taken by governments.

Canada's small business tax rate will be reduced from 10 percent to nine percent from January 1, 2019, as part of a suite of new year tax changes.

The Indian Cabinet on August 24 approved the signature of a double tax agreement protocol with Cyprus that would tackle "round tripping" and base erosion and profit shifting.

Macau's Chief Executive has issued an order authorizing signature of the OECD Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information.

The pandemic has suddenly changed the medication needs of masses with a clear preference being shown for respiratory, anti-diabetic, cardiac therapies.

On September 16, 2019, the German conservative parties, the Christian Democrats and the Christian Social Union, published a report calling for reform of environmental taxes and levies to help Germany achieve its emissions reductions targets.

The Bermuda Government on January 31, 2018, updated the lists of the countries with which it will exchange country-by-country reports filed in Bermuda in 2018 and in 2019.

Malta's Commissioner for Revenue on January 2, 2020, issued a single set of guidelines on the automatic exchange of financial account information.

The UK Government on January 10, 2020, released the synthesized text of the 1987 Belgium-UK double tax agreement, as modified by the BEPS multilateral instrument.

Invest Hong Kong, Hong Kong's inward investment agency, has encouraged Mainland Chinese companies to make use of new tax incentives in Hong Kong.

China intends to implement numerous changes to its trade tariffs from January 1, 2018, to ensure domestic businesses have access to inputs and equipment and to implement changes in prior international agreements.

Hong Kong's 2020 Budget includes plans for a one-off reduction of profits tax, salaries tax, and tax under personal assessment.

On October 23, the Swiss Federal Council adopted a dispatch on a protocol to the double tax agreement with Iran, which implements the minimum standards for such agreements.

The Swiss Government has published guidance on the legislation that brings into force the recommendations made by the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Switzerland is to amend its domestic framework for the automatic exchange of information, in line with recommendations made by the Global Forum on Transparency and Exchange of Information for Tax Purposes.

The EU has removed three countries from its list of non-cooperative tax jurisdictions and added a further three.

In an e-brief issued on December 12, 2017, the Irish tax agency announced that maximum withholding tax rates on cross-border passive income have been lowered under the Ireland-Chile double tax agreement.

The OECD has reported on the progress achieved to improve tax transparency internationally under the new Common Reporting Standard (CRS), ahead of the meeting of G20 finance ministers in Fukuoka, Japan.

On November 5, 2019, the UK Government released the synthesized text of the Luxembourg-UK double tax agreement, as modified by the BEPS multilateral instrument.

The UK Government on January 10, 2020, released the synthesized text of the 1987 Belgium-UK double tax agreement, as modified by the BEPS multilateral instrument.

In a recent update, the Internal Revenue Service has announced that it has agreed a bilateral competent authority agreement with authorities in Spain to exchange country-by-country reports.

The United States Senate has approved protocols to four existing bilateral double tax avoidance treaties that have been pending in the chamber for as much as a decade.

The Isle of Man Government has committed to enhancing the effectiveness of arrangements to share "beneficial ownership" information with the United Kingdom.

More than 20 jurisdictions have signed up to a pilot project to exchange data held on beneficial ownership registers and registers of trusts, according to UK Chancellor George Osborne.

The Australian Securities and Investments Commission has highlighted the significant impact that recent accounting standard changes will have for financial reports that must be prepared for the year to December 31, 2018, and second quarter reports.

Australia has enacted new integrity measures included in the Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2019 affecting self-managed super funds.

The Australian Taxation Office has announced changes to its CbC reporting system following feedback from multinational groups.

Ireland has released a responses document on an ongoing consultation on an update to the country's transfer pricing rules.

The Swiss Federal Council has launched a consultation on a proposed new Ordinance on the International Automatic Exchange of Information in Tax Matters.