Home » RBI to provide Rs 330 bn as dividend to govt

RBI to provide Rs 330 bn as dividend to govt

RBI to provide Rs 330 bn as dividend to govt

For the accounting year July-June 2012-13, the Board of Reserve Bank of India agreed to provide Rs 33,010 crore as dividend or surplus profit to the government.

Market participants expected a dividend payout of Rs 33,000-35,000 crore. The RBI follows a July to June accounting year. In the previous year, it paid a dividend of Rs 16,010.

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