An Amount Of Rs 69,000 As Dividend Government Expects From RBI In 2019-20

The finance ministry expects Rs 69,000 crore dividend from the Reserve Bank of India (RBI) in the next financial year, sources said, reported PTI .

The government has projected to mobilise Rs 82,911.56 crore as dividend or surplus from the RBI, nationalised banks and financial institutions during 2019-20.

If the central board of the RBI approves transfer of Rs 28,000 crore requested by the government as interim dividend for the current fiscal, the total surplus transfer by the central bank would be Rs 68,000 crore in 2018-19.

The RBI, which follows July-June financial year, has already transferred Rs 40,000 crore in the current fiscal. The receipt from various sources, including RBI dividend, helps government meet fiscal deficit target.