RBI's dividend transfer to ease near-term deposit accretion woes
The mega dividend will give a fillip to the central government’s fiscal position, which may lead to additional spending or fiscal consolidation or a combination of both, says Ind-Ra.
rbi dividend
May 2024
May 2023
May 2022
RBI’s dividend payout to Centre zooms 141% at ₹2.11 lakh cr in FY24
The Central Board of the Reserve Bank of India increases contingent risk buffer to 6.5% from 6% in FY23
RBI approves ₹87,416 cr surplus transfer to Centre for FY23
The central bank has also decided to raise the contingency risk buffer to 6% from 5.5% earlier
RBI pays ₹30,307 cr dividend to Centre for FY22
The dividend of ₹30,307 crore is also in stark deviation from the budget estimates set by the central government for FY23 at ₹73,948 crore.
