Insurance intermediaries with majority foreign stake can't repatriate over 75% as dividend: IRDAI

On the quantum of dividend payable, it said: "The dividend payout ratio shall not exceed 75 per cent. Dividend payout ratio shall be calculated as a percentage of 'dividend payable in a year' (excluding dividend tax) to 'profit after tax during the year'.

from Banking/Finance-Industry-Economic Times https://ift.tt/2ZMoLnQ