2021
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
40%
|
|
|
50%
|
|
|
75%
|
|
|
25%
|
Detailed explanation-1: -88/21.02. 067/2004-05 dated May 4, 2005, banks may pay dividend on equity shares from the profits for the financial year ended March 31, 2021, subject to the quantum of dividend being not more than fifty percent of the amount determined as per the dividend payout ratio prescribed in paragraph 4 of the said circular.
Detailed explanation-2: -The median dividend payout ratio was 21.1%, which is lower than pre-pandemic levels. More than 80% of the cash dividends paid by publicly traded banks in 2021 came from 20 institutions. The median payout ratio of the group was 30.4%.
Detailed explanation-3: -The dividend payout ratio does not exceed 33. 33 %. The proposed dividend should be payable out of the current year’s profit.
Detailed explanation-4: -The Reserve Bank of India (RBI) on Friday approved a dividend payment of ₹30, 307 crore to the Centre for the fiscal year ended March 2022, sharply lower than the government’s expectations. The bank’s central board of directors also decided to maintain the contingency risk buffer (CRB) at 5.50%.
Detailed explanation-5: -Union Bank of India – The stock has given dividend yield of 4.13% by giving a dividend of ₹1.9 in the past 12 months while the price of the stock is ₹45.95. The stock price has grown by 1.77% in the past year.