Other Issues under BANKS’ SHARE HOLDERS AND THEIR RIGHTS :

According to the directives of the Reserve Bank of India, the details of the Bank’s top executives including the CEO, Chairman and Managing Director and others needs to be furnished to the Reserve Bank of India. Also, information regarding the share holding pattern, direct or indirect holding and other relevant details should be furnished.

As regards payment of dividends to the shareholders, banks are required to be guided by the Banking Regulation Act and the directives of the Reserve Bank of India. While declaring dividends banks should consider the NPA levels and other applicable requirements as per the Reserve Bank directives.