Tag: ForeignBanks

New formula proposed for banks dividend payout

‘Dividend’ means dividend payable on equity shares and includes interim dividend. The aggregate dividend should not exceed 75 per cent of profit after tax for the...

Panel vets proposals of foreign banks to open branches

The Secretary of Department of Financial Services M Nagaraju chaired the Inter-Departmental Committee (IDC) meeting on Friday. It was attended by member ministries/departments i.e....

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