India Expects Another Record Dividend Payout From Central Bank

India Expects Another Record Dividend Payout From Central Bank

India expects to receive a record 3.16 trillion rupees ($34.4 billion) in dividends from its central bank and state-owned financial institutions in the fiscal year starting in April, according to budget documents tabled in the Parliament on Sunday.

Government Expects Another Record Dividend Payout From RBI

Last year, the Reserve Bank of India alonetransferred2.69 trillion rupees to the government.