RBI to conduct first half-yearly audit, approve interim dividend on Feb 18

Finance Minister Piyush Goyal will address the meeting, in accordance with convention

The Reserve Bank of India (RBI) is getting its half-yearly balance sheet audited to determine the amount of interim dividend it can give the central government.

Though a concurrent audit of its accounts is done on a quarterly basis, this is the first time a board-level statutory audit of the RBI is being conducted.

The audit of the central bank’s accounts for the period July-December 2018 is underway and the audit committee of its board of directors will meet shortly to approve it, RBI sources told Business Standard.

An e-mail query to an RBI spokesperson didn't elicit any response.

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