Effective bank tax rate reached 27.2% in 2020 in India, according to the National Central Bank. This is 53.9% less than in the previous year.
Historically, effective bank tax rate in India reached an all time high of 141% in 2018 and an all time low of 18.0% in 2017.
India has been ranked 22nd within the group of 58 countries we follow in terms of effective bank tax rate.
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