Reserve Bank of India has approved interim dividend payment of Rs. 28,000 crore to the Indian government. This is now the second year in succession when interim dividend has been provided.
Earlier, the central bank had given Rs 40,000 crore to the government as interim dividend.
Reserve Bank of India in its press release, said, “Based on a limited audit review and after applying the extant economic capital framework, the Board decided to transfer an interim surplus of Rs. 28,000 crore to the central government for the half-year ended December 31, 2018.”
Earlier, the government on Monday said, the RBI decides independently on the quantum of interim dividend to be paid to the Centre and a central bank committee is currently examining the issue.