Thursday, June 24, 2021

RBI allows banks to pay 50 pct of pre-COVID dividends on equity shares

The Reserve Bank of India has allowed banks to pay dividends on equity shares.

Asking banks to proactively raise and conserve capital in wake of the second wave of Covid, the RBI has told banks to restrict dividend to 50% of what regulations allow.

RBI has clarified that All banks shall ensure to meet the applicable minimum regulatory capital requirements after dividend payment.

Last year, the central bank had banned banks from paying dividend after the Covid outbreak.

Cooperative banks are permitted to pay dividend on equity shares from the profits of the financial year ended March 31, 2021

Economists feel this is a very positive decision as it would help in improving the environment in the stock market.

- Advertisement -
Latest news

Final ISSF World Cup stage set to get underway in Osijek, Croatia

A 13-member Tokyo 2020 Olympics bound Indian Rifle and Pistol shooting squad, is all set to begin their engagements at the year’s final International...

Protecting the rights of consumers | No e-commerce fraud

The consumer is the prime for any business and for a business to flourish, it must be ensured that the consumer feels respected and...

Railwire Wifi for all the Railway Stations in Kashmir

A well-connected nation is a prerequisite to a well-served nation. In a diverse country like India, digital connectivity is a great leveller. The Central government...

PM Modi’s blog post | Centre-State Bhagidari

COVID-19 has come up with huge challenges for both the government and the citizens of the country. One of the major challenges was in...
Related news

Final ISSF World Cup stage set to get underway in Osijek, Croatia

A 13-member Tokyo 2020 Olympics bound Indian Rifle and Pistol shooting squad, is all set to begin their engagements at the year’s final International...

Protecting the rights of consumers | No e-commerce fraud

The consumer is the prime for any business and for a business to flourish, it must be ensured that the consumer feels respected and...

Railwire Wifi for all the Railway Stations in Kashmir

A well-connected nation is a prerequisite to a well-served nation. In a diverse country like India, digital connectivity is a great leveller. The Central government...

PM Modi’s blog post | Centre-State Bhagidari

COVID-19 has come up with huge challenges for both the government and the citizens of the country. One of the major challenges was in...