Cooperative banks are permitted to pay dividend on equity shares from profits of FY ended March 31, 2021

In view of the continuing uncertainty caused by the ongoing second wave of COVID-19 in the country, it is crucial that banks remain resilient and proactively raise and conserve capital as a bulwark against unexpected losses. Therefore, Cooperative banks shall be permitted to pay dividend on equity shares from the profits of the financial year ended March 31, 2021In view of the continuing uncertainty caused by the ongoing second wave of COVID-19 in the country, it is crucial that banks remain resilient and proactively raise and conserve capital as a bulwark against unexpected losses. Therefore, Cooperative banks shall be permitted to pay dividend on equity shares from the profits of the financial year ended March 31, 2021taxmann.com Latest Statutory HappeningsRead More

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