RBI releases draft circular on declaration of dividend by banks and remittance of profits to Head Office by foreign bank branches in India https://www.taxtmi.com/news?id=27134 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. en-us Tue, 02 Jan 2024 18:28:52 +0530 Tue, 02 Jan 2024 18:28:52 +0530 TaxTMI RSS Generator RBI releases draft circular on declaration of dividend by banks and remittance of profits to Head Office by foreign bank branches in India https://www.taxtmi.com/news?id=27134 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. News - Tue, 02 Jan 2024 18:28:52 +0530 https://www.taxtmi.com/news?id=27134