RBI issues draft circular on declaration of dividend by NBFCs ...Middle East

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RBI issues draft circular on declaration of dividend by NBFCs
With a view to ensure financial discipline and transparency, the Reserve Bank of India (RBI) on Tuesday proposed guidelines for non-banking financial companies (NBFCs) for declaring dividends. Under the proposed norms, only those NBFCs that meet the prescribed prudential requirements would be allowed to declare and distribute dividends.

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