India RBI says dividend to govt at 93.5 bln rupees

INDIA - The Reserve Bank of India (RBI) said on 17 August it has decided to transfer a dividend of 93.50 billion rupees to the federal government out of its surplus profit.

The decision was taken at a meeting of the RBI's board on 16 August, a central bank statement said.The dividend payout is unchanged from last year, it said.