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The reserve bank of india will pay a record rs 2.1 lakh crore dividend to the government for the fiscal ended on march 31, more than double of what was budgeted expectation, helping shore up revenue ahead of a new government taking office. the rbi board, at its meeting on wednesday, approved the transfer of surplus, the central bank said in a statement. the government had budgeted a receipt of rs 1.02 lakh crore as dividends from the rbi, public sector banks and financial institutions in the interim budget

The RBI board also reviewed the global and domestic economic scenario, including risks to the growth outlook.

MUMBAI, May 22: The Reserve Bank of India will pay a record Rs 2.1 lakh crore dividend to the government for the fiscal ended March 31, more than double

The Reserve Bank of India will pay an unprecedented Rs 2.1 lakh crore dividend to the government for the fiscal year ending March 31, more than doubling the budgeted expectation. This boost in revenue comes as a new government is set to take office, stabilizing the fiscal deficit.