The Reserve Bank of India (RBI) on Thursday, April 22, relaxed the dividend payout norms of commercial banks and allowed them to pay up to 50 per cent of what they paid before Covid from the profits for the fiscal ended March 31, 2021. For FY20, the RBI had asked banks not to make any dividend payment on equity shares from the profits in view of the ongoing stress and heightened uncertainty on account of Covid-19. HDFC Bank had last week decided not to pay any dividend on the basis of the previous year’s RBI directive. “In partial modification of the instructions, 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 50 per cent of the amount determined as per the dividend payout ratio prescribed in paragraph 4 of the May 4, 2005 circular. Other instructions in the circular shall remain unchanged,” the RBI said. Cooperative banks are permitted to pay dividend on equity shares from the profits of the financial year ended March 31, 2021, as per the extant instructions, the RBI said. However, all banks must continue to meet the applicable minimum regulatory capital requirements after dividend payment, it added.
E-Edition
November 28 New York & Dallas E – Edition
[vc_row][vc_column][vc_custom_heading text=”E-Edition” font_container=”tag:h2|text_align:center” google_fonts=”font_family:Istok%20Web%3Aregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal” css=”” link=”url:https%3A%2F%2Fwww.theindianpanorama.news%2Fwp-content%2Fuploads%2F2025%2F11%2FTIP-November-28-E-Edition.pdf”][vc_single_image image=”247014″ img_size=”full” alignment=”center” onclick=”custom_link” css=”” link=”https://www.theindianpanorama.news/wp-content/uploads/2025/11/TIP-November-28-E-Edition.pdf”][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”Lead Stories This Week” google_fonts=”font_family:Istok%20Web%3Aregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal” css=”” link=”url:https%3A%2F%2Fwww.theindianpanorama.news%2F”][vc_wp_posts number=”5″ show_date=”1″][/vc_column][vc_column width=”1/3″][vc_single_image image=”82828″ img_size=”medium” alignment=”center” onclick=”custom_link” css=”” link=” https://www.theindianpanorama.news/advertising-media-kit-portal-indian-panorama/”][vc_single_image image=”82829″ img_size=”medium” alignment=”center” onclick=”custom_link” css=”” […]
culture and literature
Rising trend of turban-tying among Sikh girls
By Dr. Assa Singh Ghuman Turban perhaps is the only item of the human attire which has many folds of history and mystery underneath its layers. It had attained hundreds of connotations and interpretations as […]
World
Costa Rica celebrates 75 years of peace and democracy without an army
Costa Rican (TIP): At a time where the world is dealing with two major armed conflicts, Russia-Ukraine and Israel-Hamas, Central American country Costa Rica is celebrating 75 years of peace and democracy without an army. […]
Be the first to comment