Released on = June 11, 2006, 10:42 pm

Press Release Author = RNCOS

Industry = Financial

Press Release Summary = RNCOS Research: (http://www.rncos.com/Report/FM005.htm) The
Indian co-operative banks have now been imposed with a 33 percent income tax. The
co-operative banks association strongly opposes this in light with the numerous
financial services the banks provide to rural and urban masses.

Press Release Body = RNCOS Research: (http://www.rncos.com/Report/FM005.htm) As the
finance minister of India imposes a direct tax on co-operative banks at a rate of
33% of their incomes, the banks are set to declare an opposition. For, the
Co-operative Banks Association is convinced that co-operative banks should not be
treated with other banks in the same way in the issue of tax imposition.

The Agricultural Credit Co-operative Societies Act in 1904 ignited the beginning of
the Indian co-operative banks. These banks were the major suppliers of services in
the rural areas. There, the co-operative banks primarily finance agricultural
activities including farming, livestock, milk and milk products, pottery, and
personal finance. It also covers small-scale industries and self-employment
activities. The urban co-operative banks provide finance in areas of industries,
self-employment, small-scale sector, home finance, personal finance etc.

According to the Reserve Bank of India, the apex bank in the country, the deposits
in co-operative banks increased by only a few percentages while on the other hand
the loan advances and investments dropped by 2-3 % respectively during the financial
year 2005-06.

RNCOS has recently published a report namely "Indian Banking Sector Analysis
(2006-2007)" in which, the market research organization investigates and describes
the co-operative banking structure in India, which comprises the urban co-operative
and rural co-operative banks. The report projects that India has 1,875 urban
co-operative banks and more than 1,06,921 rural co-operative institutions. At
March-end 2005, the total urban co-operative banks (UCB) included 80 salary earners'
banks and 120 'Mahila' banks. And the scheduled urban co-operative banks were 55
during the same period.

On the basis of deposits in these urban co-operative banks, RNCOS makes the
following segmentation:
· 40% of UCBs have less than Rs.10 crore as deposits.
· 25% have deposits in the range of Rs.10-25 crore, and
· Only 16% have deposits over Rs.25-50 crore.

The market research report has conducted an extensive research to provide an
objective analysis on the growing Indian banking sector, their product and services
quality in the country. There is also a detailed market sizing, a three-year
forecast of the banking industry to give a picture of the future scenario till 2010.

About RNCOS:
RNCOS, incorporated in 2002, provides Market Research Reports for your business
needs and aims to put an end to your information pursuit. Our expertise in gathering
global business information for industry research, corporate training, growth
consulting, and business consulting, brings reputed companies and firms to us for
business enhancement solutions. We can be your one-stop-shop for Industry research
information and niche market analysis.

To purchase your copy: http://www.rncos.com/Report/FM005.htm
For more information about the report please visit www.rncos.com


Web Site = http://www.rncos.com

Contact Details = RNCOS
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial area, Delhi 92
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info@rncos.com