RBI approves 2.9 lakh crore dividend to government, up 6.7% from last year

The Reserve Bank of India board approved a Rs 2.87 lakh crore dividend for the government. This is a 6.7% increase from the previous year. The central bank also significantly boosted its contingency risk buffer. This higher payout comes as the RBI’s earnings and balance sheet expanded. The surplus transfer is beneficial for the government, especially with rising subsidy bills.

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