Highest ever in 80-year history, Reserve Bank of India (RBI) paid ₹65,896cr Dividend to Government

The Reserve Bank of India which follows July-June accounting year, approved dividend of ₹658.96bn for the Government of India for year ended June 30, 2015. This highest amount ever in 80-year history of RBI since inception.

 

RBI paid 25% higher dividend compared with last year’s figure of ₹526.79bn as dividend to the Government. Moreover, the amount of dividend paid is more than ₹64,500cr budgeted under 'Dividend/Surplus of RBI, nationalized banks & financial institutions' by the Finance Minister of India. As a result, additional amount help the government to tackle fiscal deficit effectively.  

RBI’s main sources of income are