RBI vide circular dated December 4, 2020 has restricted all Commercial Banks and all Cooperative Banks from Declaring dividends for the financial year ended on March 2020. In view of the ongoing COVID-19 crisis, it is imperative that banks continue to conserve capital to support the economy and absorb losses.
Launch of Association of NPS Intermediaries
The ANI stakeholders are Points of Presence (Bank and Non-Bank), Central Record Keeping Agencies, Trustee Banks, Custodians, Aggregators, Annuity Service Providers, Pension Agents, Retirement Advisors,