Top Headlines: Top promoters' dividend income jumps, NRI deposits moderates

India's top promoters and business families' income jumped from equity dividends and share buybacks in FY22 while flow of money into NRI deposits moderated sharply to $3.23 bn in FY22.

India’s top promoters and business families income from dividends and share buybacks was up a whopping 50.6 per cent year-on-year in FY22. While most members of the monetary policy committee (MPC) on Wednesday argued for front-loading interest rate hikes in view of rapidly rising inflation during the off-cycle monetary policy review earlier this month. Read more on these in our top headlines.

Dividends, share buybacks lift India's top promoters' income in FY22

India’s top promoters and business families saw a big jump in their income from equity dividends and share buybacks in FY22 in line with a sharp jump in