Rbi Dividend

Covid-19 crisis: Budget blowout may see RBI resort to direct financing

The government is facing a Budget deficit of as high as 7 per cent of gross domestic product, the widest in more than two decades, according to some estimates.

Govt eyes higher RBI surplus this year as Covid-19 decimates tax revenues

Data available on the RBI's website shows that, as of April 1-June 21, the RBI has purchased more than Rs 1.3 trillion in government bonds

RBI assumes protective role, asks banks not to pay dividend for FY20

Experts say while the decision is positive, it may not make any significant contribution

Top 10 business headlines: Govt seeks RBI interim dividend, telcos get help

News on why the government wants Rs 10,000 crore as interim dividend from the central bank and is going easy on telecom companies that owe it dues.

Govt may seek another interim dividend from RBI as revenue drops: Report

The fresh call comes just months after the Reserve Bank of India (RBI) approved a 1.76 trillion rupees ($24.8 billion) dividend payment to the federal government

RBI dividend may drop next year

Central bank may done away with provisioning requirements, to enable higher transfer of surplus in the 2017-18 fiscal, analysts say

Indian Bonds rally on RBI windfall, focus now on 10Y issuance: Report

The global financial services major DBS, however, noted that interests in this paper is likely to be lukewarm ahead of the new 10Y issuance in September or October

Analysts rule out big-bang stimulus spend by govt despite RBI windfall

Analysts say lacklustre tax collections and weak growth which is threatening the fiscal deficit target of 3.3 per cent of GDP are some of the reasons that will limit the government's spending power

Interim relief

RBI's payout will help the govt

RBI to pay Rs 28,000 cr interim dividend to govt; Das to meet bank CEOs

The dividend transfer will help the Centre meet its revised fiscal deficit target of 3.4% of GDP for FY19

RBI to pay Rs 28,000 crore as interim dividend to government

The decision was taken at the meeting of the RBI's Central Board

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

Reserve Bank of India to pay dividend of Rs 500 bn to Centre for FY18

The RBI follows July-June financial year

Govt had sought Rs 130 billion additional dividend from RBI, says FinMin

In August, RBI had paid a dividend of Rs 306.59 billion for the fiscal ended June 2017

RBI set to give govt Rs 100 billion interim dividend, say sources

The amount has been calculated for the six month through Dec 31, said sources

Despite spike in RBI's costs, govt likely to get extra dividend for FY18

The central bank's cost for printing notes rose by a staggering 135 per cent, provisions for transfer to contingency funds were up 14 times

Govt likely to bear Rs 26,000 crore fall in dividend from RBI

Central bank to transfer Rs 30,659 as surplus to the govt in the current financial year

Demonetisation effect: RBI's dividend to govt halves to Rs 30,659 crore

The dividend paid is the lowest since 2011-12

Dividend to govt: High liquidity shrinks RBI surplus

Rupee appreciation hits returns on RBI's foreign assets