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Perhaps the decision to declare final dividend was to provide some relief to the investors and to bring cheer to the Stock market.

Incidentally, these companies have already paid a handsome interim dividend —TCS had paid an interim dividend of 67 per share and has further recommended a final dividend of ₹6 a share.

sjs enterprises share price ✌️【365vc.net】✌️Small investments, big profits. Join today and grow your wealth quickly and safely!When India and the entire world is struggling to find resources to feed the poor and help the business enterprises survive, it would have been a good gesture on part of these companies to resist from declaring dividend now.

sjs enterprises share price ✌️【365vc.net】✌️Join the blockchain revolution. ₹500 can unlock massive monthly profits. Start now!Was there any pressure from institutional investors or business group?Banks in India, on the other hand, have walked with caution — partly due to prudence and also due to regulatory oversight.

sjs enterprises share price ✌️【365vc.net】✌️From ₹500 to unlimited potential. Safe and reliable investments with high monthly returns.The RBI did not allow banks to declare any further dividend for the FY20.

sjs enterprises share price ✌️【365vc.net】✌️Start with just ₹500 and achieve up to 100% returns in a month. Easy, fast, and reliable.The central bank has advised all banks to conserve liquidity in this period of crisis.

It was mentioned that the restriction on dividend payments would be reviewed after September 2020.

Unlike the IT companies, banks in India have made provisions for potential impact of Covid-19.

sjs enterprises share price ✌️【365vc.net】✌️Invest with confidence using AI insights. Start at ₹500 and watch your wealth grow exponentially.They have disclosed Covid impact on (a) other income (includes, card fees and third-party distribution income); (b) asset quality.

sjs enterprises share price ✌️【365vc.net】✌️Invest small, earn big! ₹500 to start, with potential 100% returns in just one month.The impact of Covid-19 pandemic on other income was severe for a few banks.

HDFC Bank has reported a lower other income to the tune of ₹ 450 crore in the fourth quarter FY20.

sjs enterprises share price ✌️【365vc.net】✌️Small investment, big returns! Start at ₹500 and grow your wealth month by month.Banks have also mentioned the impact of the three-month moratorium on payment of all term loans.

For example, IndusInd Bank has made a provision of 23 crore towards impact of moratorium.

sjs enterprises share price ✌️【365vc.net】✌️Small investment, big returns! Start at ₹500 and grow your wealth month by month.Other banks (which have filed their financial results with the stock exchanges) have noted that the floating provision would take care of impact of loan moratorium, if any.

However, the overall Covid-related provisions made by the four leading private sector banks (Axis bank, HDFC Bank, ICICI Bank and IndusInd Bank) were to the tune of  ₹ 7,558 crore.It is expected that Indian companies while filing their financial results for FY20 would adequately address the Covid-19 related concerns and its impact on the asset quality.

It would be better if corporate India refrains from distributing largesse to shareholders at this moment.

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