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As on Apr 23, 2021 12:00 AM Your results on : Economy News    
RBI Puts Limit On Commercial Bank's Dividend Payout
23-Apr-2021 (12:42)
The Reserve Bank Of India (RBI) stated yesterday that in view of the continuing uncertainty caused by the ongoing second wave of COVID-19 in the country, it is crucial that banks remain resilient and proactively raise and conserve capital as a bulwark against unexpected losses. Therefore, while allowing banks to pay dividend on equity shares, it has been decided to review the dividend declaration norms for the year ended March 31, 2021. The commercial banks may pay dividend on equity shares from the profits for the financial year ended March 31, 2021, subject to the quantum of dividend being not more than fifty percent of the amount determined as per the dividend payout ratio prescribed in the circular dated May 4, 2005. Cooperative banks shall be permitted to pay dividend on equity shares from the profits of the financial year ended March 31, 2021 as per the extant instructions. All banks shall continue to meet the applicable minimum regulatory capital requirements after dividend payment. While declaring dividend on equity shares, it shall be the responsibility of the Board of Directors to inter-alia consider the current and projected capital position of the bank vis-à-vis the applicable capital requirements and the adequacy of provisions, taking into account the economic environment and the outlook for profitability.

India's Daily Covid-19 Cases Spike Above 3.3 Lakh Mark
23-Apr-2021 (11:57)
Monetary Policy Should Remain Accommodative Says RBI Governor
23-Apr-2021 (09:46)
Reserve Money Jumps 1.1% On Week
22-Apr-2021 (18:34)
RBI Announces Underwriting Auction For Sale Of Government Securities Of Rs 32000 Crore
22-Apr-2021 (15:27)
India Cumulative Vaccination Coverage Exceeds 13.23 Crores
22-Apr-2021 (15:18)
India's Daily Covid-19 Cases Surge Above 3 Lakh Mark
22-Apr-2021 (11:54)
FM Nirmala Sitharaman Urges Industry To Wait & Watch To Assess The Situation Amid Second Wave Of COVID-19
22-Apr-2021 (08:13)
India Trade Performance Reflects The Build-Up Of A Strong Recovery In Exports Despite Several Challenges
21-Apr-2021 (08:51)
India's Covid-19 Vaccination Count Rises Above 12.70 Crore
20-Apr-2021 (18:33)
Cabinet Approves Amendments To Finance Bill 2021
20-Apr-2021 (18:31)
Domestic Crude Oil Output Slides 5.22% In FY21
20-Apr-2021 (18:28)
EPFO Adds 12.37 Lakh Net Subscribers In The Month Of February
20-Apr-2021 (17:33)
India's Daily Covid-19 Cases Come In At 2.60 Lakh Mark
20-Apr-2021 (13:15)
RBI Says It Is Not Necessary To Activate Countercyclical Capital Buffer At This Point In Time
20-Apr-2021 (11:43)
Government of India Announces Sale Of Four Dated Securities For A Notified Amount Of Rs 32,000 crore
20-Apr-2021 (10:02)
COVID-19 Vaccine For All Above The Age Of 18 From May 1: PM
20-Apr-2021 (08:26)
India's Daily New Covid-19 Cases Spike Above 2.7 Lakh Mark
19-Apr-2021 (15:58)
Cumulative Number Of COVID19 Vaccine Doses Administered In India Crosses 12 Crore Mark
19-Apr-2021 (09:53)
Southwest Monsoon Likely To Be Normal This Year Says IMD
16-Apr-2021 (15:23)
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