Legal UpdatesRBI

RBI allows banks not to make dividend payment from profits on equity share for FY ending on March 31, 2020

RBI Updates

RBI allows banks not to make any dividend payment on equity shares from the profits pertaining to the financial year ended March 31, 2020. The decision has been taken so that banks could continue to conserve capital to support the economy and absorb losses. Additionally banks will be able to its balance sheet and at the same time support lending to the real economy. 

 

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