 "RBI")
The Reserve Bank of India (RBI) on Thursday said that in order to stay resilient during the Covid-19 crisis banks could pay maximum 50 per cent of dividend from their profits in 2020-21.
"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," the central bank said in a statement on its website.
However, there will be no such restriction on cooperative banks.
"While declaring dividend on equity shares, it shall
"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," the central bank said in a statement on its website.
However, there will be no such restriction on cooperative banks.
"While declaring dividend on equity shares, it shall
