After RBI, the government will also get record dividends from banks

-


- Income of public sector banks increased significantly during the financial year as loan withdrawals increased

Mumbai: In the financial year 2022-23, due to the good performance of the public sector banks of the country, the government is expected to receive an amount of Rs 13,800 crore as dividend from these banks. The amount for FY 2023 will be fifty percent more than the amount of dividend received under FY 2022.

In the financial year 2022, the government received Rs 9210 crore as dividend.

12 public sector banks of the country are paying a total dividend of Rs 21000 crore for the financial year 2023. In terms of income and dividend, the last financial year is considered to be the best year so far for the public sector banks of the country.

The combined net profit of 12 public sector banks was a record Rs 1.05 trillion in the last financial year. An analyst said that the net profit of the last financial year was 57.30 percent higher than the Rs 66,540 crore of the financial year 2022.

It may be mentioned here that the Central Board of the Reserve Bank recently decided to pay a dividend of Rs 87416 crore to the Central Government for the ended financial year 2022-23. Compared to the dividend of Rs 30,307 crore paid in the financial year 2021-22, the dividend for the financial year 2022-23 has increased by 188 percent.

In addition to the Reserve Bank, receipt of higher dividends from public sector banks will be a favorable situation for the central government.

Banks' income increased significantly in FY2023 due to the increase in lending rates, due to which they are in a position to pay higher dividends.

The non-performing assets of banks have seen a decline in recent years due to stricter norms implemented by the RBI in respect of bad loans.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se
Read more