The RBI has approved a dividend payment of Rs. 30,307 crore to the Centre for the fiscal year 2021-22.
The bank’s central board of directors also decided to maintain the contingency risk buffer (CRB) at 5.50%. In the 2022 budget, the government had estimated that it would receive Rs. 73,948 crore as dividend from the RBI and state-owned banks for FY22. The budgeted dividend is 27% lower than the ₹1.01 trillion the Centre received in FY22.
