Dividend Payout norms for NBFCs Current Affairs, GK & News

RBI: New Dividend Payout norms for NBFCs

Reserve Bank of India (RBI) has decided to prescribe guidelines on distribution of dividend by NBFCs in order to induce a greater transparency and uniformity in practice. Highlights Guidelines will be effective for the declaration of dividend from profit for financial year 2021-2022 and onwards. Board of directors will consider the proposals for dividend. They ..