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Interim surplus transfer to government
February 27 , 2019
1970 days
804
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- RBI board approved transfer Rs 28,000 crore interim dividend to the government.
- This is the second successive year that the Reserve Bank transferring an interim surplus.
- RBI’s financial year ends in July and the interim dividend will be usually transferred to the Government by March.
- While the government was seeking up to Rs 40,000 crore as interim dividend but the audit committee of the central bank opted for Rs 28,000 crore after taking into account policies and requirements of the RBI.
- The government has already received Rs 40,000 crore from the central bank during the financial year 2018-19.
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