In a press release issued after its board assembly, RBI stated the dividend was computed after sustaining a contingent danger buffer at 6.5% of its steadiness sheet. The buffer is on the larger finish of the 6.5 to 5.5% band really useful by the Bimal Jalan committee, which signifies that RBI’s payout follows document earnings.
RBI’s whole revenue and sources of revenue are disclosed within the annual report, which is printed later within the 12 months. Considering that public sector banks too have reported document income and are declaring dividend, govt revenues are likely to overshoot budgeted numbers. This 12 months’s dividend is 140% of the Rs 87,400 crore declared for FY23. The highest dividend declared by RBI thus far was Rs 1.7 lakh crore in FY19.
