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Today General Knowledge(GK)
RBI has allowed banks to pay dividends on equity shares for FY21 up to a maximum of what percent of the prescribed dividend payout ratio?
A)
10%
B)
25%
C)
35%
D)
50%

Correct Answer : Option (D) - 50%



RBI allows commercial banks to pay up to 50% of pre-Covid dividends. The Reserve Bank of India (RBI) has allowed commercial banks to pay dividends on equity shares for FY21, from the profits for the fiscal ended March 31, 2021, subject to certain conditions and limits.

Published On : June 27, 2021
Category : Banking
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