RBI boosts Modi’s coffers with early dividend

reserve-bank-of-india

The Reserve Bank of India has continued to provide the administration of Narendra Modi with welcome news, announcing a larger interim dividend payment than it made last year.

The central bank’s board met today (February 18) and agreed to an interim dividend of 280 billion rupees ($3.9 billion) for the first half of the fiscal year, which runs from July to June. Finance minister Arun Jaitley gave a speech at the meeting.

The payout marks the second year in a row that the RBI has paid an interim

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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

.