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RBI Board Meeting: The board of the Reserve Bank of India in its meeting has approved giving Rs 87,416 crore as dividend to the central government. In the financial year 2021-22, RBI had given a dividend of Rs 30,307 crore to the central government. With this, the RBI board decided to increase the contingency risk buffer to 6 per cent from the existing 5.5 per cent.
Today’s board meeting reviewed the current global and domestic economic situation, RBI said in a statement. In addition, the challenges and their implications relating to current global political developments are also examined. RBI Governor Shaktikanta Das The performance of RBI was reviewed from April 2022 to March 2023 under the chairmanship of In this meeting, the RBI accounts along with the RBI Annual Report for the financial year 2022-23 were approved.
In Budget 2023-24, the government had set a target of Rs 48,000 crore as dividend, which also included dividends from banks and the RBI. Last year, when the government had given a dividend target of Rs 73,948 crore to the bank-RBI, it was only Rs 40,953 crore. But this year the government has got more dividend than expected. After this excellent dividend received by the government from RBI, the Modi government will be helped in reducing the fiscal deficit. Considering this is an election year, the government needed this fund to fulfill populist slogans.
Apart from Governor Shaktikanta Das, Deputy Governors Mahesh Kumar Jain, Michael Devvrat Patra, Rajeshwar Rao, T Rabi Shankar attended the RBI board meeting. Besides this, other directors of the board like Satish K Marathe, Revathi Iyer, Sachin Chaturvedi, Avand Mahindra, Pankaj Ramnabhai Patel and Ravindra Dholakia were also present in the meeting. Economic Affairs Secretary Ajay Seth attended the meeting on behalf of the government.
