Good news for HDFC Bank shareholders, extra money may come to your bank account soon

HDFC beats SBI in loan distribution, private sector banks dominateHDFC beats SBI in loan distribution, private sector banks dominate
HDFC beats SBI in loan distribution, private sector banks dominate

If you are HDFC Bank shareholders then this news will make you happy. In fact, HDFC Bank said on Tuesday that the Board of Directors is going to meet on Friday, June 18. In this meeting, the bank can decide on the dividend. So if there is an announcement regarding dividend, then those who invest money in the stock will get a big benefit. Explain that the money received from the dividend will be credited to your bank account, the money will be separate from the profit from the stock, so it will not be wrong to call it extra money or income.

The bank told in the information given to the stock exchange that the board of directors of HDFC Bank is going to meet on 18 June 2021. On 22 April 2021, the Reserve Bank issued a notification related to the distribution of dividends of banks, keeping in mind that the dividend will be announced. In this it will be decided how much dividend should be given for the fiscal year 2021.

What would happen to the dividend?

The company shares some of its profits with its shareholders (buyers). It is called dividend. Experts tell that the money the company has taken from you. She does business with it and shares the profit with you. But it is not necessary for the company to pay dividend to the shareholders.

RBI had said this about the dividend, 

RBI had issued a notification on 22 April 2021 asking banks to limit the dividend payout to 50 percent for the financial year 2021 and save capital so that in this period of coronavirus infection, they can work. Can be helped Explain that cooperative banks are exempted from paying dividend from profits on equity shares.

Dividend was not

distributed last year  RBI did not approve dividend distribution to banks in the fiscal year 2020. RBI took this decision after the lockdown started in April last year

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Article first Appeared on Informalnewz

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