Zee Biz Exclusive On RBI Central Board Meeting: Government expects Rs 60,000 crore dividend from RBI - What we know so far

Zee Biz Exclusive: The Reserve Bank of India (RBI) will hold a meeting of the Central Board on Friday to decide the dividend for FY22. The government is expected to get a dividend of Rs 60,000 crore, as per Zee Business Brajesh Kumar's report.

Kumar said that the important issue of today's meeting is how much dividend should be given to the government for the last financial year ended March 31, 2022.

According to the opinion of experts and sources, this dividend seems to be in between the range of Rs 55,000 crore to Rs 60,000 crore. In this range, the government can get dividends from the RBI, Kumar said.

He further said that a positive thing has also happened in the midst of all this - the rupee has weakened. 

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#ZBizExclusive | RBI सेंट्रल बोर्ड की आज बैठक

इस बैठक में सरकार को FY22 के लिए डिविडेंड पर होगा फैसला

सरकार को करीब ₹60,000 करोड़ डिविडेंड संभव

जानिए पूरी खबर ब्रजेश कुमार से...@BrajeshKMZee @RBI @AnilSinghvi_ pic.twitter.com/bCgOVZB32A

— Zee Business (@ZeeBusiness) May 20, 2022

After the depreciation of the rupee, the RBI has sold the dollar and has made a lot of profit in recent months. Hence, it will also be included in the dividend estimate. And so the government's estimate of dividends may be slightly higher than before.

For this last financial year, RBI expected the total dividend to be Rs 74,000 crore which would be collected from RBI, financial institutions, and governments.