RESERVE BANK OF INDIA (PAYMENT BANKS - PRUDENTIAL NORMS ON DECLARATION OF DIVIDEND) DIRECTIONS, 2026TABLE OF CONTENTSTABLE 1BUCKETTIER 1 CAPITAL RATIO AS AT THE END OF PREVIOUS FYDIVIDEND ALLOWED AS A % OF ADJUSTED PAT FOR THE PERIODB10B220B330B440B550B660B770B880B990B10100SR. NO.CIRCULAR NUMBERDATE OF ISSUESUBJECT1.NOVEMBER 28, 2025

MUMBAI, India, March 10 -- Reserve Bank of India issued the following notification:

RBI/2025-26/388

DOR.ACC.REC.No.429/21.02.067/2025-26

March 10, 2026

Reserve Bank of India (Payment Banks - Prudential Norms on Declaration of Dividend) Directions, 2026

Table of Contents Introduction Chapter I A. Short title and commencement B. Applicability C. Definitions Chapter II - Declaration of dividend A. Board oversight B. Eligibility criteria C. Quantum of dividend payable D. Profits ineligible for payment of dividend E. Reporting system F. Restriction on payment of dividend G. Penal consequences for non-compliance Chapter III - Repeal and other provisions A. Repeal and saving B. Application of other laws not barred C. Interpretations Annex I A...