The partners are also shaping the company’s board composition, roping in independent directors, to meet local capital market laws. Rules require the board to be made up of 33% independent directors, if its chairman is an independent director.
RBI’s strong dividend to govt boosted by USD sales, interest income: SBI report
The Reserve Bank of India’s record dividend payout of nearly Rs 2.7 trillion to the government has been made possible due to robust gross dollar