After peaking at Rs 65,986.9 crore in the March 2021 quarter, these provisions have gradually cooled off since then. In the March 2023 quarter, they had dropped to Rs 17,956 crore, the lowest in five years, aided by a reversal in provisioning from IDBI Bank.
India, France near deal on tax treaty, to lower levy on dividends paid to French parent companies
India and France are nearing a revised tax treaty that will reduce dividend taxes for French parent companies holding over 10% stakes to 5%, while