TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>RBI Updates Bank Dividend Rules: Focus on Payout Ratio, Criteria for Approval, and Compliance with New Guidelines.</h1> The Reserve Bank of India (RBI) has revised guidelines for banks declaring dividends, shifting focus from the dividend amount to the dividend payout ratio. Banks must meet specific criteria, including a CRAR of at least 11% for the preceding two years, net NPA below 3%, and compliance with relevant regulations, to declare dividends without RBI approval. The payout ratio should not exceed 33.33%, and profits must be free of adverse auditor qualifications. Banks wishing to exceed this ratio or those not meeting criteria must seek RBI approval. These guidelines apply from the accounting year ending March 31, 2004.
TaxTMI 
