With a view the conserve capital & support the economy in light of the ongoing stress of the COVID 19 pandemic,  the RBI has directed banks not to make any dividend payment on equity shares for the year ended 31st March 2020.

The RBI has also decided to formulate guidleines for dividend distribution by non - Banking Financial Companies (NBFC) with a view to increasing the significance of NBFC's in the financial systems and their inter - linkages with different segments.