RBI pays out second-largest dividend

Reserve Bank of India HQ

The Reserve Bank of India’s board agreed to pay out 991 billion rupees ($13.6 billion) – its second-largest dividend – to the government at its May 21 meeting.

In the financial year 2018/19, the central bank transferred 1.76 trillion rupees ($24.7 billion) to the government, including a one-off contribution of extra reserves. Its two largest transfers both took place under the government of Narendra Modi, leader of the right-wing BJP.  RBI governor Urjit Patel resigned in December 2018, with

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: