Dividend suspension: banks barred from paying dividends from the most recent financial year's profits to conserve capital and support lending. Banks are required to refrain from distributing dividends from the profits of the financial year ending March 31, 2020; the Reserve Bank directs that no dividend payment on equity shares be made from those profits so that banks conserve capital to absorb losses, strengthen balance sheets, and continue supporting lending to the real economy.
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Provisions expressly mentioned in the judgment/order text.
Dividend suspension: banks barred from paying dividends from the most recent financial year's profits to conserve capital and support lending.
Banks are required to refrain from distributing dividends from the profits of the financial year ending March 31, 2020; the Reserve Bank directs that no dividend payment on equity shares be made from those profits so that banks conserve capital to absorb losses, strengthen balance sheets, and continue supporting lending to the real economy.
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