Mumbai, Jan. 7 -- The Reserve Bank of India (RBI) has invited public comments on the draft "Reserve Bank of India (Prudential Norms on Dividend and Remittance of Profit) Directions, 2026", proposing a revised framework for declaration of dividends and remittance of profits by banks.

The central bank said it had undertaken a review of the existing guidelines on prudential norms governing declaration of dividend and remittance of profits by foreign banks operating in branch mode in India. Accordingly, a draft of the revised framework was earlier issued for public comments on January 2, 2024.

Based on stakeholder feedback and consultations received thereafter, the RBI has now issued fresh draft Directions proposing a new methodology for co...