Jul 22, 2018

CB did not pay dividends Featured

The Central Bank has failed to pay its dividends to the state in 2017, 2015 and 2006, reports say.

The CB paid Rs. 500 million in dividends in 2016.

The reason cited for not making the payments is that the bank has incurred losses in recent times.

The CB earns a considerable income by regulating the country’s banks and financial institutions and acting as the middleman when the state obtains credit.