Further, it has proposed that the Core Investment Company (CIC) should have Adjusted Net Worth (ANW) of at least 30 per cent of its aggregate risk weighted assets on balance sheet and risk adjusted value of off-balance sheet items for last 3 years, including the accounting year for which it proposes to declare dividend.
It has also said that the net NPA ratio should be less than 6 per cent in each of the last three years, including the accounting year for which it proposes to declare dividend.
The circular said that the guidelines will be applicable for dividend to be declared for the financial year beginning April 01, 2020 (FY 2020-21) onwards.
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