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The Reserve Bank of India's (RBI) board on Friday approved a surplus transfer of 874.16 billion rupees ($10.69 billion) to the government for the fiscal year ended March 31, less than the market estimate of at least 1 trillion rupees.
MUMBAI: The Reserve Bank of India’s (RBI) board, on Friday, approved a surplus transfer of 874.16 billion rupees...
The RBI's dividend to the central government exceeded the 2023-24 budget estimate by 82 percent, likely on the back of huge foreign exchange gains
According to the Budget announcement, the government had expected to receive Rs 48,000 crore in dividend from the central bank and state-owned lenders in 2022-23
MUMBAI (Reuters) - The Reserve Bank of India board has approved a surplus transfer of 874.16 billion rupees ($10.69 billion) to the government for the fiscal year ended March, it said in a statement on Friday. | 06:39am