https://www.taxtmi.com/circulars?id=64565 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. en-us Fri, 04 Dec 2020 00:00:00 +0530 Mon, 07 Dec 2020 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64565 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. Circulars RBI Fri, 04 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64565