RBI approves ₹2.11 lakh crore dividend payout to govt for 2023-24

The Reserve Bank of India (RBI) on May 22 approved a ₹2.11 lakh crore dividend payout to the central government for 2023-24, more than double the amount it paid for the previous 2022-23 financial year.

The decision was taken at the 608th meeting of the Central Board of Directors of the Reserve Bank of IndiaIndiaIndia held under the chairmanship of Governor Shaktikanta Das.

"The Board...approved the transfer of ₹2,10,874 crore as surplus to the Central Government for the accounting year 2023-24," RBI said in a statement.