The board can have to bear in mind long-term development plans of the NBFC whereas declaring dividend. NFBCs will even should report particulars of dividend declared throughout the monetary 12 months to the RBI. The Reserve Financial institution of India (RBI) on Thursday got here out with dividend distribution pointers for non-banking finance firms (NBFCs)
NBFC
Nonetheless, it’s good RBI is asking for all lenders to make the identical disclosures so {that a} value comparability is simpler. A decade after clamping down on the micro-finance business, Reserve Financial institution of India (RBI) seems to be trying to ease the principles for the sector. Whereas the transfer is well-intentioned, the central financial
Bombay Oxygen Investments, a non-deposit taking non-bank financial company, has a market capitalisation of Rs 350 crore. Bombay Oxygen Investments share price has skyrocketed a massive 133% in less than one month, as the country grappled with a sudden surge in demand for oxygen. Investors fervently bought shares of companies linked to producing oxygen, seeing