RBI directs banks to halve dividend payouts amid 2nd Covid wave
"Cooperative banks shall be permitted to pay a dividend on equity shares from the profits of the financial year ended March 31, 2021 as per the extant instructions," it said.
"Cooperative banks shall be permitted to pay a dividend on equity shares from the profits of the financial year ended March 31, 2021 as per the extant instructions," it said.
India recorded its highest daily surge in new coronavirus infections since the start of the pandemic, pushing its active case load further past 1 million.
