RBI reports major earning boost, surpasses govt estimate dividend transfer at Rs 2.7 tn

RBI reports major earning boost, surpasses govt estimate dividend transfer at Rs 2.7 tn

RBI will transfer a record Rs 2.7 lakh crore to the government as a dividend for the current financial year. The amount exceeded last year's figure and the government's expectations.

RBI's Strong Dividend to Govt Boosted by USD Sales, Interest Income: SBI Report

Get latest articles and stories on Business at LatestLY. The Reserve Bank of India's record dividend payout of nearly Rs 2.7 trillion to the government has been made possible due to robust gross dollar sales, higher foreign exchange gains, and steady increases in interest income, according to a report by the State Bank of India (SBI). Business News | RBI's Strong Dividend to Govt Boosted by USD Sales, Interest Income: SBI Report.

RBI's record Rs 2.7 trillion dividend fueled by US dollar sell offs and forex gains: SBI

The Reserve Bank of India’s historic dividend payout of approximately Rs 2.7 trillion to the government was fueled by strong sales of US dollar, a …