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Reserve Bank board approves Rs 30,307 cr dividend payment to govt for FY22

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The Reserve Bank of India has approved the payment of Rs 30,307 crore dividend to the government financial year 2021-22, it said the on Friday.


The dividend payment comes after the economy comes under stress from the war in Ukraine and fears for the world economy.





The board approved the transfer of Rs 30,307 crore as surplus to the central government for the accounting year 2021-22 while deciding to maintain the Contingency Risk Buffer at 5.50 per cent, RBI said in a statement. The decision on the dividend payment was made in the 596th meeting of the Central Board of Directors of RBI, headed by Governor Shaktikanta Das, held on Friday.


RBI, last year in May, declared a dividend of Rs 99,122 crore for the nine-month period (July 2020 to March 2021). The dividend was paid for that period as RBI aligned its financial year with the government’s financial year.


Earlier, RBI used to follow July-June period earlier as against government’s April-March financial year. During its meeting, the board reviewed the current economic situation, global and domestic challenges and the impact of recent geopolitical developments, PTI reported.


The board also discussed the working of RBI during the year April 2021 – March 2022 and approved the annual report and accounts for the accounting year 2021-22, the statement said.


The central bank’s Monetary Policy Committee (MPC), after a meeting in February, estimated that the GDP growth rate for Financial Year 2022-23 would be at 7.2 per cent.


Das had then said FY23 GDP growth forecast lowered to 7.2 per cent from 7.8 per cent.


(With inputs from PTI)

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The Reserve Bank of India has approved the payment of Rs 30,307 crore dividend to the government financial year 2021-22, it said the on Friday.


The dividend payment comes after the economy comes under stress from the war in Ukraine and fears for the world economy.





The board approved the transfer of Rs 30,307 crore as surplus to the central government for the accounting year 2021-22 while deciding to maintain the Contingency Risk Buffer at 5.50 per cent, RBI said in a statement. The decision on the dividend payment was made in the 596th meeting of the Central Board of Directors of RBI, headed by Governor Shaktikanta Das, held on Friday.


RBI, last year in May, declared a dividend of Rs 99,122 crore for the nine-month period (July 2020 to March 2021). The dividend was paid for that period as RBI aligned its financial year with the government’s financial year.


Earlier, RBI used to follow July-June period earlier as against government’s April-March financial year. During its meeting, the board reviewed the current economic situation, global and domestic challenges and the impact of recent geopolitical developments, PTI reported.


The board also discussed the working of RBI during the year April 2021 – March 2022 and approved the annual report and accounts for the accounting year 2021-22, the statement said.


The central bank’s Monetary Policy Committee (MPC), after a meeting in February, estimated that the GDP growth rate for Financial Year 2022-23 would be at 7.2 per cent.


Das had then said FY23 GDP growth forecast lowered to 7.2 per cent from 7.8 per cent.


(With inputs from PTI)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

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