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Public Sector Banks Boost Dividend Payouts By 33% Following Record Profits
Public sector banks in India raised dividend payouts by 33% to Rs 27,830 crore in FY24, up from Rs 20,964 crore last year, govt data showed.
NPA Ratio Drops Significantly; Bank Profits Soar In 2023-24
The Finance Ministry announced on Saturday that the gross non-performing assets (NPA) ratio for scheduled commercial banks (SCBs) dropped significantly to 2.67% in June 2024.
Indian Stock Market Opens Week With Significant Selling Pressure Across Multiple Sectors
The Indian stock market opened the week down, facing selling pressure in sectors like automobiles, IT, and FMCG.
Finance Minister Urges Banks To Boost Deposit Growth To Match Rising Credit Demand
FM Nirmala Sitharaman has called on public sector banks to enhance their deposit growth rates to keep pace with rapid expansion in credit.
