RBI approves record dividend of Rs 2.11 lakh crore to government for FY24
The Reserve Bank of India has approved the transfer of Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24.
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The Reserve Bank of India has approved the transfer of Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24.
Reserve Bank of India on Wednesday approved a dividend of Rs 2.11 lakh crore for Central government for FY24, a significant increase of around 141 percent compared to FY23.
In 2023-24, the Reserve Bank of India transferred a surplus of Rs 87,416 crore to the Centre, significantly higher than what the government had expected to receive
The Indian central bank transferred a larger-than-expected dividend of Rs 87,416 crore to the central government for 2022-23. However, data in the RBI's annual report shows it could have been even larger
The Reserve Bank on India (RBI) on Friday approved Rs 87,416-crore dividend payout to the Central government for 2022-23, nearly triple of what it paid in the previous year.