RBI report reveals changes that helped boost dividend transfer to govt

Valuation method change, provision write-back play key roles to boost dividend

The record high dividend transfer to the government was facilitated by a change in methodology in how the gains in foreign exchange intervention are calculated, and by writing back provisions not required anymore after the Jalan committee recommendations on the economic capital framework of the Reserve Bank of India (RBI), reveals the bank’s Annual Report released on Thursday. 

The balance sheet size of the Reserve Bank of India (RBI) increased by 13.42 per cent to Rs 41.03 trillion for the year ended June 30, 2019. While income for 2018-19 increased by 146.59 per cent, the expenditure decreased by 39.72 per