Three leading NBFCs may not pay dividends this year

KOLKATA: LIC Housing Finance, Mahindra & Mahindra Financial Services and Shriram Transport Finance would not be eligible to pay dividend if they have to comply with the capital adequacy and asset quality parameters for the last three years, as Reserve Bank of India said in a draft dividend distribution guideline for non-bank lenders.Most non-banking finance companies (NBFCs) are comfortably placed so far excluding the three mentioned above,