In pursuance of the announcements made in the Statement on Developmental and Regulatory Policies dated December 04, 2020, the Reserve Bank of India has released today the Draft Circular on Declaration of Dividend by NBFCs. Comments on the Draft Circular are invited from NBFCs, industry participants and other interested parties by December 24, 2020.

Feedback on the Draft Circular may be forwarded to:

The Chief General Manager, Reserve Bank of India, Department
of Regulation (NBFCs), 2nd Floor, Main Office Building, Shahid
Bhagat Singh Marg, Fort, Mumbai – 400001

or

by email with the subject line “Feedback on Draft circular on declaration of dividend by NBFCs.”

(Yogesh Dayal)     
Chief General Manager

Dividend declaration by NBFCs: Draft circular invites stakeholder comments on proposed regulatory guidance and procedures. The draft circular proposes regulatory guidance on declaration of dividend by NBFCs and invites comments from NBFCs, industry participants and other stakeholders through a specified submission process to the Department of Regulation (NBFCs), enabling consultation on harmonising dividend distribution practices with prudential and governance objectives.