RBI to pay Rs 30,659 cr dividend to government, less than half of what it paid in previous year

By: | Published: August 10, 2017 8:31 PM

The Reserve Bank of India (RBI) today said it will pay Rs 30,659 crore dividend to the government for the year ended June 30, less than half of what it paid in the previous year.

Reserve Bank of India, Indian Government, RBIReserve Bank of India (Reuters)

The Reserve Bank of India (RBI) today said it will pay Rs 30,659 crore dividend to the government for the year ended June 30, less than half of what it paid in the previous year. The central bank had in the previous year paid Rs 65,876 crore dividend to the government. “The Reserve Bank’s Central Board, at its meeting held today, approved the transfer of surplus to the Government of India amounting to Rs 30,659 crore for the year ended June 30, 2017,” RBI said in a statement. It did not give reasons for paying less dividend. RBI had in 2014-15 paid Rs 65,896 crore dividend and Rs 52,679 crore in the year prior to that. The dividend payout was less than Rs 33,010 crore in 2012-13.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition