RBI reports major earning boost, surpasses govt estimate dividend transfer at Rs 2.7 tn

RBI reports major earning boost, surpasses govt estimate dividend transfer at Rs 2.7 tn

RBI will transfer a record Rs 2.7 lakh crore to the government as a dividend for the current financial year. The amount exceeded last year’s figure and the government’s expectations.

A man speaks on his phone as he walks past the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai. File image/Reuters