<h1>Declaration of dividend and remittance of profits: draft regulatory update invites stakeholder comments and proposes revised bank guidelines.</h1> The Reserve Bank has issued a draft circular on declaration of dividend by scheduled commercial banks and remittance of profits by foreign bank branches, inviting comments from banks, market participants and other stakeholders as part of a comprehensive review to update the guidelines issued in 2005 and 2003 and to align those rules with subsequent regulatory developments.