RBI Approves Dividend Payout Of Rs 57,000 Crore To Government

The RBI's board approved the transfer of Rs 57,128 crore as surplus to the central government for for accounting year 2019-20 (July-June), having reviewed the current economic situation, continued global and domestic challenges, and the monetary, regulatory and other measures to mitigate the economic impact of COVID-19. The central bank considers the period from July to June as accounting year. According to the Union Budget for 20...