RBI Meet Raises Hopes of Record Dividend

The Central Board of directors of the Reserve Bank of India met on Thursday in Mumbai to review its economic capital framework (ECF), a move that could lead to record surplus transfer to the Centre.

- FE BUREAU

In the FY26 Budget, the government has estimated the RBI's surplus transfer in excess of the FY25 figure of ₹2.1 lakh crore, an all-time high. The robust dividend in FY25 (RBI accounting year FY24) was against the Budget estimate of ₹80,000-90,000 crore, giving extra fiscal space to the Centre. This enabled the government to spend more as well as to bring down the fiscal deficit to 4.8% of the GDP from the Budget estimate of 4.9%.