Reserve Bank board approves Rs 30,307 cr dividend payment to govt for FY22

The Reserve Bank of India has approved the payment of Rs 30,307 crore dividend to the government financial year 2021-22, it said the on Friday.

The dividend payment comes after the economy comes under stress from the war in Ukraine and fears for the world economy.

The board approved the transfer of Rs 30,307 crore as surplus to the central government for the accounting year 2021-22 while deciding to maintain the Contingency Risk Buffer at 5.50 per cent, RBI said in a statement. The decision on the dividend payment was made in the 596th meeting of the Central Board of Directors of