Squeez­ing out Div­i­dends

The Economic Times - - Companies: Pursuit Of Profit -

The head of a pri­vate bank, where profit has been fall­ing from quar­ter to quar­ter, hit upon another strat­egy. The chief asked the heads of sub­sidiaries to de­clare higher div­i­dends to the par­ent to drive per­for­mance as the par­ent has been slammed by de­mon­eti­sa­tion, higher non-per­form­ing as­sets and a fall in dis­burse­ments.

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