Pursuant to Regulation 33 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('the Regulations') we send herewith the Audited Financial Results for the last quarter and year ended March 31, 2020 along with the Audited consolidated accounts for the year ended March 31, 2020, duly approved by the Board of Directors at its meeting held today. The press release and the Unmodified Opinion of Statutory Auditors of the Bank in this regard is also enclosed.
The Reserve Bank of India, vide its circular dated April 17, 2020, has decided that banks shall not make any further dividend payouts from profits pertaining to the financial year ended March 31, 2020 until further instructions, with a view that banks must conserve capital in an environment of heightened uncertainty caused by COVID-19. Accordingly, the Board of Directors of the Bank, at their meeting held today, has not proposed any final dividend for the year ended March 31, 2020