The numbers behind RBI’s ₹1.76 lakh crore payout to government: 10 points
The ₹1.76 lakh crore transfer from RBI to the government includes ₹1.23 lakh crore as dividend and ₹52,637 crore from its surplus capital
Out of the ₹1.23 lakh crore dividend payment, ₹28,000 crore was transferred to the government in February this year as interim dividend
The Reserve Bank of India on Monday approved a record ₹1.76 lakh crore payout to the government, which is more than double the ₹68,000 crore that it provided the previous year. RBI’s move however came under criticism from opposition parties who questioned the central’s bank’s autonomy. The ₹1.76 lakh crore transfer to the government includes ₹1.23 lakh crore as dividend to the government and ₹52,637 crore from its surplus capital. The dividend payment of ₹1.23 lakh crore includes interim dividend of ₹28,000 crore already transferred to the government in February.