Ban on dividend payout will help conserve capital, no adverse effect seen

"It has been decided that in view of the COVID-19 related economic shock, scheduled commercial banks and cooperative banks shall not make any further dividend payouts from profits pertaining to the financial year ended March 31, 2020 until further instructions," RBI governor Shaktikanta Das said.

from Banking/Finance-Industry-Economic Times https://ift.tt/3etlQHF