A customer enters an HDFC Bank branch in Mumbai. Alongside is an advertisement of Kotak Mahindra Bank. (Photographer: Dhiraj Singh/Bloomberg)

Banks Grapple With More Than Rs 15,000-Crore Tax Demand On Free Services

India asked about 19 banks to pay more than Rs 15,000 crore tax on free services provided to customers who maintain a minimum account balance, four officials with direct knowledge of the matter sai...