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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

Reuters  |  New Delhi 

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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 next financial year.   

First Published: Tue, February 05 2019. 16:22 IST
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