Public sector banks’ dividend payout may exceed Rs 15,000 crore in FY24

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PSBs are projected to pay a dividend exceeding Rs 15,000 crore for FY24 due to increased profitability. The RBI is proposing new rules for dividend declarations based on NNPA ratios and total capital adequacy.

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Public sector banks’ dividend payout may exceed Rs 15,000 crore in FY24

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