BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
The Reserve Bank of India's draft circular on dividend declaration by non-banking financial companies links eligibility and quantum of dividend distribution to net non-performing asset, capital to risk assets ratio and leverage.
For Power Finance Corporation Ltd., categorised as non-deposit taking systemically important non-banking financial company (NBFC-ND-SI), based on its past three years' CRAR and current net NPA print, the criteria matrix (as per draft circular) makes it eligible to dividend payout up to 25% of earnings (versus its current policy of 30% of earnings or 5% of net worth, whichever is higher).
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