RBI approves Rs 30,307 cr as dividend to Centre for FY22

New Delhi, May 20 (IANS): The Reserve Bank of India on Friday said its Board approved the transfer of Rs 30,307 crore surplus as dividend to the Centre for the accounting year FY22.

It decided to maintain the contingency risk buffer at 5.50 per cent.

As per a framework, the RBI has to maintain a contingency risk buffer of 5.5-6.5 per cent of its balance sheet.

The 596th meeting of the Central Board of Directors of Reserve Bank of India was held on Friday at Mumbai under the Chairmanship of Governor Shaktikanta Das, and reviewed the current economic situation, global and domestic challenges and the impact of recent geopolitical developments.

It also discussed the working of the central bank during the year April 2021-March 2022 and approved the Annual Report and accounts of the Reserve Bank for the accounting year 2021-22.



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Comment on this article

  • Charles D'Mello, Pangala

    Fri, May 20 2022

    Does Present RBI Governor understands what is dividend!!!!! and to whom it shall be given.....!!!!!?????

    DisAgree Agree [1] Reply Report Abuse

  • Sameer, Riyadh

    Fri, May 20 2022

    Even with the surplus after contingency, nothing has changed at the ground level. One of the report (Inequality in India Report by the Economic Advisory Council) says that if you are earning 3 lakhs per annum then you are at the top 10% of India's population. 15% of the population earns Rs 60,000 annually. So 75% population earns less than 60k annually. Poverty stood at 10.9 % as of 2019. Extreme poverty has negligible decline though the center does chest thumping of claiming victory over poverty. In simple terms we are worse than we were prior to 2011.

    DisAgree Agree Reply Report Abuse

  • Vinod Kumar, Mangalore

    Fri, May 20 2022

    Is this a 40% or 100% deal for BJP govt?!. All the money will go for communal and ministers Vikas.

    DisAgree [1] Agree [9] Reply Report Abuse

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Title: RBI approves Rs 30,307 cr as dividend to Centre for FY22

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