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RBI LIKELY TO TRANSFER RS 1 TRILLION TO GOVERNMENT IN FY25
The Daily Guardian
|May 11, 2024
The report highlights that RBI is anticipated to maintaina robust dividend payout for the fiscal year 2025 F'Y25).
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The Reserve Bank of India (RBI) is likely to transfer approximately Rs 1000 billion to the government IN FY25 according to a report by Union Bank of India.
The report highlights that RBI is anticipated to maintain a robust dividend payout for the fiscal year 2025 (FY25). This projection represents a slight increase from Rs 874 billion transferred in the previous fiscal year.
“The government has budgeted the FY25 dividend for RBI and PSU banks & financial institutions at INR 1020bn, vis-a-vis INR 1044bn in FY24. In our view, a positive surprise is likely, similar to last year when initial budget estimate for overall dividend was only INR 480bn” said the report.
This story is from the May 11, 2024 edition of The Daily Guardian.
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