Govt expects 27% lower dividend from RBI

The government is expecting a 27 per cent lower dividend at Rs 73,948crore from the Reserve Bank of India (RBI) and public sector banks and financial institutions in 2022-23.

In absolute terms, this is nearly Rs 27,400crore lower than the Revised Estimates (RE) of Rs 1,01,353crore under the head of dividend or surplus of Reserve Bank, nationalised banks & financial institutions during the current fiscal. During the current financial year alone, the RBI has paid a dividend of Rs 99,122crore. This dividend payout was for the financial year 2020- 21 paid in May last year.

As per the Budget document, dividends from public sector enterprises and other investments have also been pegged lower at Rs 40,000crore as against RE of Rs 46,000crore.

Total dividend collection of the next financial year would be Rs 1,31,948crore as against the RE of Rs 1,68,247crore, as per the RE of 2021-22. (PTI)