Covid Effect: RBI Asks Banks Not To Declare Dividend For FY 20 ...Middle East

New Delhi:  The Reserve Bank of India (RBI) has asked banks to conserve capital and not make any dividend payments for financial year 2020. RBI Governor Shaktikanta Das said in his monetary policy statement on Friday that in response to the Covid-19 pandemic, the Reserve Bank has focused on resolution of stress among borrowers, and … The post Covid Effect: RBI Asks Banks Not To Declare Dividend For FY 20 appeared first on Ommcom News.

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