Rbi Announces Record Dividend Of Rs 2 11 Lakh Cr To Government

Top Stories

Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

Stock chart

RBI Announces Record Dividend of Rs 2.11L cr to Government

ri-calendar-2-lineMay 30, 2024

By: BlinkX Research Team

FbkFbkTwitterTelegram

The Reserve Bank of India has declared a record dividend of 2.11 lakh crore rupees to the Government of India for FY24. This news marks the central bank’s highest dividend in history.

 

Key Takeaways from RBI Announcement:

  • The RBI declared a record dividend of 2.11 lakh crore rupees to the Government of India for FY24.
  • Highest dividend ever paid by the central bank.
  • The dividend is 140% greater than the amount distributed in fiscal year 23.

 

From fiscal year 2018-19 to 2021-22, the Board decided to keep the Contingency Risk Buffer (CRB) at 5.5% to promote economic growth and general economic activity during tumultuous times. With the revived economic growth in FY 2022-23, the RBI increased the CRB to 6%.

 

The Board upped the CRB to 6.5% for FY24, citing the economy’s sustained resilience and durability.

 

Following that, the RBI Board approved the transfer of 2,10,874 crore rupees in surplus to the Central Government for the current fiscal year. The dividend is 140% greater than the amount distributed in FY 23.

 

About the Reserve Bank of India:

The Reserve Bank of India (RBI) is the Central Bank of India that began operation in 1935 to use monetary policy and create financial stability in India. It is also charged with regulating the country’s currency and credit systems. 

 

Read More About the Share Market Today Here!

Related News

News Thumbnail
Market

SEBI Launches Version Beta of Settlement Calculator

2 mins read. June 3, 2024 at 05:53 AM

News Thumbnail
Market

NSE Arm NSE Indices Launches India’s First EV Index

3 mins read. May 31, 2024 at 01:14 PM

News Thumbnail
Market

RBI Bars Edelweiss ARC from Acquiring Financial Asset

2 mins read. May 31, 2024 at 09:33 AM

News Thumbnail
Market

RBI Launches G-Secs App, PRAVAAH Portal, FinTech Repository

3 mins read. May 31, 2024 at 04:52 AM

Related Blogs

Stock chartCommodities

Why Gold Remains a Safe Haven Amid Global Economic Shifts in 2025

0 people read

4 mins read . Sep 5, 2025

Stock chartDemat Account

Biggest Winners and Losers in MSCI: Key Movers in Global Indices 2025

0 people read

3 mins read . Aug 20, 2025

Download app

Access BlinkX
everywhere
across device

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions