RBI directs banks to halve dividend payouts amid 2nd COVID wave
The Reserve Bank of India (RBI) has directed the banks to restrict dividend payouts to 50% in a bid to conserve capital and stay resilient.
Apr 23, 2021, 16:43 PM ISTUBI, 2 other PSU lenders seek exemption from dividend payment
Three public sector banks -- Bank of India, Union Bank of India and Allahabad Bank -- have sought exemption from payment of dividend citing higher provisioning for non-performing assets (NPAs).
May 03, 2015, 13:09 PM IST