RBI to pay Rs 28,000 crore dividend for now

RBI to pay Rs 28,000 crore dividend for now

The RBI will not immediately transfer surplus capital, which is set aside as reserves over the years, to the government. The central bank au... 00:03:00

The RBI will not immediately transfer surplus capital, which is set aside as reserves over the years, to the government. The central bank audit committee has, however, cleared an interim dividend of Rs 28,000 crore based on a limited audit for the current year and the same is likely to be declared after the central bank's board meeting on February 18.

from The Times of India http://bit.ly/2E5HKk3