The Reserve Bank of India said the board has approved the transfer of a surplus of Rs 30,307 crore as dividend to the Center for the financial year 2022. The 596th meeting of the Central Board of Directors of the Reserve Bank of India was held under the chairmanship of Governor Shaktikanta Das in Mumbai on Friday.
This was followed by the current economic review. RBI said in a statement that the board approved the transfer of Rs 30,307 crore as surplus to the central government for the accounting year 2021-22, while deciding to maintain the contingency risk buffer at 5.50 per cent. Governor Shaktikanta on Friday The decision on dividend payment was taken in the 596th meeting of the Central Board of Directors of RBI, chaired by Das.
In May last year, RBI had declared a dividend of Rs 99,122 crore for a period of 9 months. The dividend was paid for that period, as the RBI aligned its fiscal year with the government’s fiscal year. Earlier, the RBI used to follow the July-June period as against the government’s April-March financial year. PLC>