The new payout norms assume importance as unlike banks, currently, there are no guidelines in place concerning the distribution of dividend by NBFCs. The RBI had on October 4 asked banks to not to pay dividend this year given their stretched balance sheets pummelled by the pandemic.source https://economictimes.indiatimes.com/industry/banking/finance/banking/new-dividend-policy-not-to-affect-most-nbfcs-report/articleshow/79665659.cms
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