Interim Dividend by RBI

The Central Board of the Reserve Bank of India on February 18 decided to transfer a record interim surplus of Rs 28,000 crore to the government, a move that will bolster government’s finances.

Remember This: This is the second successive year the RBI will transfer an interim surplus. In August 2018, the RBI has decided to transfer Rs 50,000 crore of surplus to the government, which included Rs 10,000 crore of interim dividend paid in March 2018.

Funds from RBI to help govt manage finances better

  • With the government missing to meet its fiscal deficit target marginally for the ....

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