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RBI announces Rs 28,000 crore as interim dividend to government
| Feb 18, 2019, 08:09:42 PM | Times Now
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The Reserve Bank of India (RBI) on Monday announced that it will transfer Rs 28,000 crore interim dividend to the government. The central bank in a statement said, "Based on a limited audit review and after applying the extant economic capital framework, the board decided to transfer an interim surplus of Rs 28,000 crore to the central government for the half-year ended December 31, 2018." Relevantly, this is the second successive year that the Reserve Bank will be transferring an interim surplus. RBI follows a July-June financial year, so the first half was over in December.
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