Reserve Bank approves dividend of Rs 2.11 lakh crore for the Centre, decision in the 608th meeting of the board
Reserve Bank: The central bank's board of directors deliberated on the global and domestic economic outlook, including risks to the outlook, during the 608th meeting of the central board held on Wednesday in Mumbai. During this, the Board decided to transfer the surplus of Rs 2,10,874 crore to the government.
The Reserve Bank of India at its meeting on Wednesday approved a dividend of Rs 2.11 lakh crore for the central government for FY24, which is about 141 per cent higher than FY23. In FY23, the central bank had transferred ₹87,416 crore as surplus to the Centre.
The central bank's board of directors deliberated on the global and domestic economic outlook, including risks to the outlook, during the 608th meeting of the central board held on Wednesday in Mumbai. The board decided to transfer the surplus of Rs 2,10,874 crore to the government.
The Reserve Bank of India's Governor, Shaktikanta Das, presided over the 608th meeting of the Central Board of Directors, which took place in Mumbai today.
The Board considered the risks associated with the domestic and international economic outlooks. The Reserve Bank's Annual Report and Financial Statements for the fiscal year 2023–2024 were approved by the Board, which also addressed how the Reserve Bank operated from April 2023 to March 2024.
The committee has suggested that the contingent risk buffer (CRB) risk provision be kept between 6.5 and 5.5 percent of the RBI's balance sheet.
