Finance
Sock JohnsonRBI's New Playbook: Banks, Get Ready to Rumble!
The RBI just dropped the ultimate playbook for banks on dividends! They’re saying, "Keep your capital game strong and profits shining bright!" Foreign banks, bring that audited swagger if you wanna cash in. No funny business with unrealized gains, or you’ll face the music! Time to step up, folks, and let’s make those profits electrifying!
few days ago | Anjali Kumari
Quick rundown
1.RBI proposes new rules for bank dividends.
2.Banks must meet capital norms for payouts.
3.Foreign banks need positive PAT for remittance.
4.Draft framework open for public comments.
5.Non-compliance may lead to RBI action.
