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The Reserve Bank of India has issued the Draft Directions for Rural Co-operative Banks regarding prudential norms on the declaration of dividends, effective immediately upon issuance. These directions outline the conditions under which RCBs can declare dividends, including compliance with capital requirements and maintaining a net non-performing asset ratio below five percent. The document also repeals previous guidelines and clarifies that these new directions are supplementary to existing laws and regulat

Author

Royal

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EN