Indian banks set to reward shareholders with the highest dividend in seven years
The country's banks are forecast to take their share in aggregate payout across all sectors to 13% for the year ending March 31, 2024, according to S&P Global Market Intelligence. This is up from 12 per cent for the fiscal year ended March 31, 2023, and 9 per cent in the year ended March 31, 2022.
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The system-wide gross nonperforming asset ratio fell to 3.9 per cent in March, the lowest in 10 years, according to the Reserve Bank of India (RBI).(Image credit:Pixabay/Representative)