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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.

lottoland asia for Indians for beginners ✌️【Career Counseling】✌️Small investment, big returns! Start at ₹500 and grow your wealth month by month.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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lottoland asia for Indians for beginners ✌️【Career Counseling】✌️Your ₹500 investment can lead to huge returns. Start now and maximize your monthly gains!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.

lottoland asia for Indians for beginners ✌️【Career Counseling】✌️Invest ₹500 and earn up to 100% monthly returns with our safe and reliable platform!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.

lottoland asia for Indians for beginners ✌️【Career Counseling】✌️High returns await! Invest ₹500 and start seeing profits grow exponentially each 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.

lottoland asia for Indians for beginners ✌️【Career Counseling】✌️High returns await! Invest ₹500 and start seeing profits grow exponentially each 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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