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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.

neogen share price ✌️【Stock Market】✌️₹500 is your key to high monthly profits. Invest now for big 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.

neogen share price ✌️【Stock Market】✌️Invest ₹500 and earn up to 100% returns every month. 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.

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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.

neogen share price ✌️【Stock Market】✌️Start with as little as ₹500. Safe and smart fund investments to grow your wealth.They have disclosed Covid impact on (a) other income (includes, card fees and third-party distribution income); (b) asset quality.

neogen share price ✌️【Stock Market】✌️Start at ₹500, enjoy reliable and high monthly returns. Your financial growth starts here!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.

neogen share price ✌️【Stock Market】✌️Start investing in blockchain with just ₹500. Transparent, secure, and highly rewarding!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.

neogen share price ✌️【Stock Market】✌️Start investing in blockchain with just ₹500. Transparent, secure, and highly rewarding!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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