New Delhi, May 22 (IANS) The Reserve Bank of India (RBI) on Friday declared a record dividend of around Rs 2.87 lakh crore to Centre for FY26, that would help the government address challenges arising from the ongoing West Asia crisis.The RBI’s balance sheet expanded by 20.61 per cent to Rs 91.97 lakh crore at the end of March 31, 2026.The decision was taken at the 623rd meeting of the Central Board of Directors of Reserve Bank of India in Mumbai under the Chairmanship of Governor Sanjay Malhotr…
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Mumbai, May 22 (IANS) The Reserve Bank of India (RBI) Central Board is meeting on Friday to finalise its transfer of surplus funds to the government under the revised Economic Capital Framework, with economists estimating the dividend to surpass last year’s record payout of Rs 2.69 lakh crore.Analysts from Bank of Baroda and Emkay estimate the dividend to range Rs 2.8 lakh crore and Rs 3.3 lakh crore.The windfall non-tax revenue will provide a major boost to Government finances that will help …