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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.
Denne historien er fra May 11, 2024-utgaven av The Daily Guardian.
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FLERE HISTORIER FRA The Daily Guardian
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