RBI to pay Rs 30,307 crore dividend to govt for FY22
PTI, May 20, 2022, 4:06 PM IST
Reserve Bank of India (RBI) on Friday said its board has approved a dividend payment of Rs 30,307 crore to the government for the fiscal ended March 2022.
The board approved the transfer of Rs 30,307 crore as surplus to the central government for the accounting year 2021-22 while deciding to maintain the Contingency Risk Buffer at 5.50 percent, RBI said in a statement. The decision on the dividend payment was made in the 596th meeting of the Central Board of Directors of RBI, headed by Governor Shaktikanta Das, held on Friday.
Last year in May, RBI declared a dividend of Rs 99,122 crore for nine months (July 2020 to March 2021). The dividend was paid for that period as RBI aligned its financial year with the government’s financial year.
Earlier, RBI used to follow the July-June period earlier as against the government’s April-March financial year. During its meeting, the board reviewed the current economic situation, global and domestic challenges, and the impact of recent geopolitical developments. The board also discussed the working of RBI during the year April 2021 – March 2022 and approved the annual report and accounts for the accounting year 2021-22, the statement said.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Sensex, Nifty fall over 1 pc, snap two-day rally ahead of US Fed interest rate decision
SC orders liquidation of grounded air carrier Jet Airways’ assets
Home-cooked meals become dearer in October on costlier vegetables
Sensex, Nifty surge over 1 pc on heavy buying in IT stocks as Trump set to win US polls
Das says incoming data on GDP growth mixed but positives outweigh negatives
MUST WATCH
Latest Additions
Karkala: Sr Donalda Pais, headmistress of Arunodaya Special School, passes away
Incentive fund for SC/ST students of national institutes increased, says Minister Mahadevappa
K’taka govt prohibits staff from smoking, consuming tobacco products inside offices
Terminal 2 of Bengaluru airport gets 4,000 sqft hydroponic green wall
Waqf properties row: JPC Chairman receives over 500 petitions from aggrieved farmers in Karnataka
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.