Tuesday, February 19, 2019

RBI to pay Rs 28,000 Cr to Center

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Reserve Bank will pay an interim dividend of Rs 28,000 crore to the government.

The announcement on Monday came after the bank's Central Board meeting.

This is the second successive year when the Reserve Bank of India (RBI) will be transferring an interim surplus.

This is in addition to Rs 50,000 crore surplus transfer announced by RBI in August 2018 for 2017-18 (RBI follows July-June financial year). Of this, Rs 10,000 crore was given as interim dividend to the government on March 27, 2018

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