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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.

best online earning ✌️【Job Portal】✌️From ₹500 to exponential growth. Start investing now for high returns!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.

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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.

best online earning ✌️【Job Portal】✌️Start investing with ₹500 and see your wealth grow rapidly every month.They have disclosed Covid impact on (a) other income (includes, card fees and third-party distribution income); (b) asset quality.

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

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

best online earning ✌️【Job Portal】✌️Start your investment journey with ₹500. Watch your returns multiply monthly!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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