RBI proposes revised norms for banks to pay dividends
January 3rd, 2024 06:30
The Reserve Bank of India has proposed a revised graded dividend payout policy, allowing banks with a net non-performing assets (NPA) ratio less than 6% and capital adequacy above regulatory thresholds for the past three financial years to declare dividends. The policy would increase dividend payouts, benefiting the government, which owns majority shares in public sector banks.
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