Current Affairs · Banking Sector Reforms and Corporate Governance
Consider the following statements regarding the updated RBI guidelines on dividend declaration by commercial banks: 1) Dividend payout ratio is capped at a maximum of 50% of net profit. 2) Adjusted Net Profit formula excludes non-performing assets. 3) Dividends can be declared out of extraordinary/non-recurring income items without restrictions. Which of the statements given above is/are correct?
- 11 and 2 only
- 21, 2 and 3
- 32 only
- 41 only✓
Correct answer
1 only
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