The Reserve Bank of India (RBI) has introduced a new set of prudential norms for banks that cap dividend payouts at a maximum of 75 per cent of Profit After Tax (PAT) for most banks, linking profit distribution more closely with capital strength, profitability and regulatory compliance.
In a major move to improve retirement security, the Pension Fund Regulatory and Development Authority (PFRDA) has constituted a high-level committee tasked with formulating guidelines and regulations to enable a framework for assured payouts under the National Pension System (NPS). This move
Dividends received by the central government from Central Public Sector Enterprises (CPSEs) have recorded a steady and notable rise over the last five financial years, broadly surpassing the government's revised estimates (RE).
New Delhi [India], December 5: Tata AIA Life Insurance, a leading life insurer in India, offers Tata AIA Sampoorna Raksha Promise, a comprehensive term insurance plan designed to help families achieve financial security amid rising living costs. This innovative product combines comprehensive
Compact cars and SUVs together account for nearly three-fourth of all motor insurance claims in the country, highlighting their dominance on Indian roads and in insurance payouts, an analysis report by PolicyBazaar has said.
Singapore, November 12: At Singapore Fintech Festival today, Visa Inc. (V) announced a breakthrough pilot allowing businesses and platforms to send payouts directly to recipients' stablecoin wallets. For businesses using Visa Direct, payouts can be funded in fiat currency, while recipients c
IFF has proposed a 10% cap on UPI incentive payouts for banks supporting any single TPAP, thereby encouraging them to partner with multiple providers instead of depending disproportionately on dominant apps.
New Delhi [India], September 15: Behind every Gintaa order is a partner who brings it to life. Unlike other delivery apps that treat gig workers as interchangeable labor, Gintaa sees them as Entrepreneurs. Laxman Jaiswal, Gintaa's Managing Director, has championed multiple partner-first poli
Mike Andrews, a lawyer based in Montgomery, Alabama, said his firm currently represents the families of around 110 victims, both passengers and those killed on the ground.
New Delhi [India], August 18: Inside The Box (ITB), India's first 360 degree F&B growth consultancy, has launched the country's first-ever dedicated Reconciliation Software - TRACKER - a breakthrough financial tool designed to help restaurants gain full control over platform payouts, res