RBI Approves Dividend Of Rs 2.11 Lakh Crore To Government For FY24.

Banking & Finance

The Reserve Bank of India (RBI) board approved the transfer of Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24. The decision was taken at Apex Bank’s 608th meeting of the Central Board of Directors. Presided over by RBI Governor Shaktikanta Das, the board reviewed the global and domestic economic scenario, including risks to the outlook. The workings of Apex Bank during the year April 2023 – March 2024 were also discussed during the meeting.


      With the revival in economic growth in FY 2022-23, the CRB was increased to 6.00 per cent. As the economy remains robust and resilient, the board has decided to increase the CRB to 6.50 per cent for FY 2023-24,” the apex bank said.

     

     

 

     


          ____________________________