RBI

RBI prohibits banks from dividend declaration for FY ended 31.03.2020

April 18, 2020 RBI
RBI prohibits banks from dividend declaration for FY ended 31.03.2020 RBI prohibits banks from dividend declaration RBI has prohibited banks from making any further dividend declaration/payouts from the profits pertaining to the financial year ended March 31, 2020 until further instructions. In India, Banks have been granted general …
RBI

RBI COVID19 Relief Package – Review of Resolution Timelines for Stressed Assets

April 17, 2020 RBI
COVID19 Regulatory Package – Review of Resolution Timelines under the Prudential Framework on Resolution of Stressed Assets RESERVE BANK OF INDIA RBI/2019-20/219DOR.No.BP.BC.62/21.04.048/2020-21  April 17, 2020 All Scheduled Commercial Banks (excluding Regional Rural Banks);All India Financial Institutions (NABARD, NHB, EXIM Bank, and SIDBI);All Systemically Important Non-Deposit taking Non-Banking Financial …
RBI

RBI COVID19 Regulatory Package – Relaxation in Asset Classification & Provisioning

April 17, 2020 RBI
RBI COVID19 Regulatory Package – Relaxation in Asset Classification & Provisioning   RESERVE BANK OF INDIA   RBI/2019-20/220DOR.No.BP.BC.63/21.04.048/2020-21   April 17, 2020   All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative BanksAll All-India …