Centre seeks around Rs 69,000 crore in dividend from RBI in FY20

Any interim dividend that the RBI pays now will be part of its July 2018-June 2019 financial year

The government is seeking around Rs 69,000 crore in dividend from the Reserve Bank of India (RBI) for the 2019-20 fiscal year, about 83 per cent of the combined dividends of Rs 82,911.56 crore that the Centre has budgeted from the RBI, state-owned banks and financial institutions, a senior government official said.

For the Centre’s current fiscal year, the RBI has already paid Rs 40,000 crore in dividend, and the Centre is seeking another Rs 28,000 crore in interim dividend.

“In our revised estimates, we have budgeted for Rs 28,000 crore. It is the RBI board’s decision on what amount