RBI likely to pay a big dividend to Centre
Economists estimate the surplus transfer-often referred to as the central bank's dividend to the government-in the range of Rs 2.7 lakh crore to Rs 3 lakh crore.In the Last year, the RBI transferred Rs 2.68 lakh crore, 27% higher than the previous year.The dividend payout is expected to be supported by gains from foreign exchange interventions and investment income, while a higher-than-estimated payout could stem from a potentially lower contingency buffer, economists said.Live EventsAlso Read: Current acc ...