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RBI to Pay Rs 50,000 Crore as Dividend to Government For FY18

Wednesday, August 8, 2018, 10:06 PM

The RBI on Wednesday decided to pay a sum of Rs 50,000-crore as dividend to the govt in line with the Union-Budget provisions, enabling the Centre to stick to the fiscal-roadmap. The RBI, which follows July-June financial-year, has paid a dividend that is about 63% higher when compared to the previous-year (2016-17). As on June-2017, the RBI made a dividend-payout of Rs 30,659-crore.

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