Dividend payout ratio of banks: Is there need for a change? - Moneylife
Dividend payout ratio of banks: Is there need for a change? - Moneylife
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M G WARRIER 2 hours ago
The ‘guidance’ from GOI on dividend pay out by PSBs raises the fundamental issue of ‘use of power which is not there’, a game being played by GOI in general and finance ministry in particular. Somehow, for different reasons, those who should make noise when such things happen- opposition, media and the concerned stakeholders- observe a learned silence. This has happened in the introduction of New Pension Scheme. This is being repeated when statutory bodies and public sector organisations, including RBI, LIC, banks, public sector oil companies and so on are made to ‘adjust’ prices, income and profits and their distribution according to the whims of those in power. There is nothing wrong in government evolving a policy and asking organisations to follow. This should be done in a transparent manner, following appropriate procedure and making necessary legislative changes where necessary.
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