RBI to pay Rs 57,128 crore dividend to govt
he Reserve Bank of India board approved a dividend payout of Rs 57,128 crore to the government.
The surplus transfer of Rs 57,128 crore for the accounting year 2019-20 compared with Rs 1.76 lakh crore transferred last year, which included Rs 1.23 lakh crore as dividend and Rs 52,637 crore excess provisions identified as per the revised Economic Capital Framework (ECF).
The Board also approved the transfer of Rs 57,128 crore as surplus to the Central Government for the accounting year 2019-20, while deciding to maintain the Contingency Risk Buffer at 5.5 per cent
Finance Ministry in the budget for 2020-21 had provisioned receipt of Rs 60,000 crore in dividend from the RBI and other banks to bridge the fiscal deficit
Monday, 17 August 2020
RBI to pay Rs 57,128 crore dividend to govt
