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The Indian central bank's net income surged to 2.11 trillion rupees for the financial year ended March 2024, up from 874.20 billion rupees in the previous year, its annual report released on... -May 30, 2024 at 02:31 am EDT - MarketScreener
Since April, the yield on government securities fell around 10-15 basis points due to multiple factors , like the easing inflation print, Brent crude oil prices, and the higher dividend transfer announced by the Reserve Bank of India.
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
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As the economy remains robust and resilient... the Board has approved the transfer of Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24
Last fiscal year, the central bank had given Rs 87,416 crore to the Centre as surplus.