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of <h1>RBI Directs Banks to Halt Dividend Payouts from FY 2020 Profits Amid COVID-19 Uncertainty; Review in September 2020.</h1> Banks in India are permitted to declare dividends following specific guidelines. However, due to the uncertainty caused by COVID-19, the Reserve Bank of India has decided that all banks should refrain from making further dividend payouts from the profits of the financial year ending March 31, 2020, until further notice. This measure is intended to help banks conserve capital to support the economy and manage potential losses. The restriction will be reassessed based on the financial results for the quarter ending September 30, 2020.
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