RBI Approves Record ₹2.86 Lakh Crore Dividend Payout to Government
Record Surplus Transfer Strengthens Fiscal Position The Reserve Bank of India (RBI) Central Board, meeting in Mumbai on May 22, 2024, approved a record surplus transfer of ₹2,86,588 crore to the Government of India for the accounting year 2023-24. This unprecedented dividend payout, significantly higher than the ₹87,416 crore transferred in the previous fiscal year,…