RBI Issues Norms on Dividend Declaration by Banks
On 2nd January, 2024, the Reserve Bank of India (RBI) issued draft norms on declaring bank dividends, laying down eligibility criteria and guidelines on board oversight.
These norms have been reviewed in the light of implementation of Basel III standards, the revision of the prompt corrective action (PCA) framework, and the introduction of differentiated banks.
About the Norms
Eligibility Criteria for Banks
Banks should meet the following prudential requirements to be eligible to declare dividends or remit profits:
- Capital Adequacy: A commercial bank should have a minimum total capital adequacy of 11.5 per cent to be eligible for declaring dividend, while ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Scheme for Strengthening Medical Device Industry
- 2 Regulatory Framework for Restricted Return InvITs
- 3 World’s First Co2 to Methanol Plant
- 4 Peak Oil
- 5 India’s Renewable Energy Sector Achieves Significant Growth
- 6 4th Phase of Consolidation of RRBs
- 7 RBI’s Framework for Reclassification of FPI to FDI
- 8 RBI’s 2024 List of Domestic Systemically Important Banks
- 9 Windfall Gain Tax
- 10 National Mission on Natural Farming
- 1 Electronic Soil
- 2 SEBI Proposes T+0 and Instant Settlement Cycle
- 3 SEBI amends Rules for Zero Coupon Zero Principle Instruments
- 4 RBI expands the Scope of COFT
- 5 RBI’s Clarifications on Green Deposits
- 6 Payments Infrastructure Development Fund Scheme
- 7 Surrender Value in Insurance
- 8 Securities Appellate Tribunal
- 9 Centre Extends PLI Scheme for Auto Sector
- 10 Interest Equalisation Scheme on Pre- and Post-Shipment Rupee Export Credit
- 11 Centre Promoting India as a global MICE Destination
