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RBI approves Rs 2.11 lakh crore cr dividend payout to govt for 2023-24

(This story has not been edited by THE WEEK and is auto-generated from a PTI

RBI approves Rs 2.11 lakh crore dividend payout to Indian govt for 2023-24

The dividend payout was Rs 87,416 crore for 2022-23.

RBI Approves Dividend Payout of Rs 2.11 Lakh Crore to Govt for 2023-24

As the economy remains robust and resilient, the Board has decided to increase the Contingent Risk Buffer to 6.50 per cent for FY 2023-24, says RBI

RBI Approves Rs 2.11 Lakh Crore Cr Dividend Payout To Govt For 2023-24

RBI makes govt richer by Rs 2.11 lakh crore

The Reserve Bank on Wednesday approved a Rs 2.11 lakh crore dividend payout to the central government for 2023-24, more than double the amount it paid for the previous 2022-23 financial year. The decision was taken at the 608th meeting of the Central Board of Directors of the Reserve Bank of India held under the chairmanship of Governor Shaktikanta Das.