Mumbai, Jan 6 (IANS) Banks will be allowed to declare dividends or remit profits only if they meet strict financial and regulatory conditions, according to a draft framework released by the Reserve Bank of India (RBI) on Tuesday.The move aims to ensure that profit payouts do not weaken the financial health of banks.Under the proposed rules, banks must comply with all regulatory capital requirements at the end of the previous financial year and continue to meet these norms in the year when divide…
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