Finance
Mr. BillionhairRBI Unveils Tremendous New Rules for Bank Dividends and Profits
Folks, listen up! The RBI just dropped a huge draft framework for banks — it’s a game changer! Indian banks need to show real profits, no fake stuff! Foreign banks, if you’re doing great, you can send your cash home without asking. But remember, no funny business with unrealized gains! This is going to be tremendous! Believe me!
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.
