Govt expects Rs 69,000 cr in dividend from RBI in 2019-20: Report

Budget for 2019-20 estimates to get Rs 82,911 cr through dividend from banks, financial institutions and the RBI next financial year

The Indian government expects the central bank to pay a dividend of Rs 69,000 crore ($9.63 billion) in the next financial year beginning April 2019, a senior finance ministry source, who requested anonymity, told reporters on Tuesday.  

Piyush Goyal, India's interim finance minister, in his annual budget for 2019/20 tabled in parliament last week, estimated to get Rs 82,911 crore through dividend from banks, financial institutions and the Reserve Bank of India next financial year.