The RBI has also decided to formulate guidelines on dividend distribution by NBFCs keeping in view the increasing significance of NBFCs in the financial system and their interlinkages with different segments.
That two economists of international eminence have found it impossible to serve as its governors under the current dispensation is self-revealing of the narrow straits into which India’s central bank is being forced into, which is far from edifying.
Scheduled commercial banks including “select financial institutions” lost Rs 16,789 crore due to frauds in 2016-17, Parliament was informed on…
