RBI to pay Rs 50,000 cr dividend to govt for FY18
The decision was taken at its board meeting held here.
"The Central Board of Directors of the Reserve Bank of India, at its meeting held on August 8, 2018, approved the transfer of surplus amounting to Rs 500 billion for the year ended June 30, 2018, to the Government of India," the central bank said in a statement.
The RBI follows July-June financial year.
The RBI had last year transferred a surplus of Rs 30,659 crore as dividend to the government for the year ended June 30, 2017, which was less than half of what it paid in the previous year (Rs 65,876 crore).
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