May 22, 2022
1 min read

RBI to pay Rs 30,307 crore dividend to govt for FY22

As per a framework, the RBI has to maintain a contingency risk buffer of 5.5-6.5 per cent of its balance sheet…reports Asian Lite News

The Reserve Bank of India said its Board approved the transfer of Rs 30,307 crore surplus as dividend to the Centre for the accounting year FY22.

It decided to maintain the contingency risk buffer at 5.50 per cent.

As per a framework, the RBI has to maintain a contingency risk buffer of 5.5-6.5 per cent of its balance sheet.

The 596th meeting of the Central Board of Directors of Reserve Bank of India was held on Friday at Mumbai under the Chairmanship of Governor Shaktikanta Das, and reviewed the current economic situation, global and domestic challenges and the impact of recent geopolitical developments.

It also discussed the working of the central bank during the year April 2021-March 2022 and approved the Annual Report and accounts of the Reserve Bank for the accounting year 2021-22.

ALSO READ-RBI hikes repo rate 40 bps to 4.40%

Previous Story

Apple to expand manufacturing to India, Vietnam

Next Story

Iran FM: Iran serious about reaching agreement in Vienna

Latest from Business

Gold Shines Bright Amid Global Jitters

Gold and silver continued their bullish run on Monday, scaling new highs amid mounting global uncertainties, heightened geopolitical tensions, and growing expectations of a US Federal Reserve rate cut. According to the

ADNOC signs 15-year LNG deal with Indian Oil

Under the deal, LNG cargoes can be delivered to any port across India, enhancing the country’s energy security and meeting its rising energy demand. Abu Dhabi National Oil Company (ADNOC) has signed

Canada to lift counter-tariffs on US goods

Canadian Prime Minister Mark Carney has announced that Ottawa will remove its counter-tariffs on US goods covered under the Canada-US-Mexico Agreement (CUSMA), beginning 1 September. The move marks a partial easing of

PM Modi: India poised to lead next tech wave

PM Modi underscored that the country is poised to lead the next wave of digital transformation in 5G…reports Asian Lite News Prime Minister Narendra Modi on Wednesday hailed India’s progress in expanding
Go toTop

Don't Miss

RBI: India Could Be World’s 2nd Largest Economy by 2031

In his speech now posted on the RBI website, Patra

RBI Tightens Grip on Entities

The RBI may be mulling a revamp of the existing