RBI to pay Rs 28,000 crore as interim dividend to government

The Reserve Bank on Monday said it will give Rs 28,000 crore to the government as interim dividend. The decision was taken at the meeting of the RBI's Central Board here.

RBI to pay Rs 28,000 crore as interim dividend to government
The Reserve Bank on Monday said it will give Rs 28,000 crore to the government as interim dividend. Image source: Reuters
Written By: PTI
Updated: Mon, Feb 18, 2019
07:04 pm
PTI
RELATED NEWS
Tokenisation: Benefits, registration, charges and other details; Here is what RBI says Tokenisation: Benefits, registration, charges and other details; Here is what RBI says
ATM transaction failed? Amount deducted? Know what RBI says- Re-credit, compensation, here is all you need to know ATM transaction failed? Amount deducted? Know what RBI says- Re-credit, compensation, here is all you need to know
UCO Bank share price spurts 16% intraday as RBI lifts state-owned bank from PCA restrictions UCO Bank share price spurts 16% intraday as RBI lifts state-owned bank from PCA restrictions

The Reserve Bank on Monday said it will give Rs 28,000 crore to the government as interim dividend. The decision was taken at the meeting of the RBI's Central Board here.

"Based on a limited audit review and after applying the extant economic capital framework, the Board decided to transfer an interim surplus of Rs 280 billion to the central government for the half-year ended December 31, 2018," the central bank said in a statement. 

This is the second successive year that the Reserve Bank will be transfering an interim surplus.

Earlier, Finance Minister Arun Jaitley addressed the post-Budget meeting of the Central Board. Jaitley in his address broadly outlined the various reforms and policy measures taken by the government over the last four years and the effects thereof.

 

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.