New Delhi: The record Rs 2.69 lakh crore dividend bonanza by the Reserve Bank of India (RBI) to the government is driven by robust gross dollar sales, higher foreign exchange gains, and steady increases in interest income, according to a new report.
Notably, the RBI was the top seller of foreign exchange reserves in January among other Asian central banks. In September 2024, foreign exchange reserves peaked to $704 billion and the RBI has sold truck-loads of dollar to stabilise the currency. Simultaneously, in a prudent move, the RBI has increased the risk buffer, otherwise the dividend transfer could have topped Rs 3.5 lakh crore,” according to SBI Research’s ‘Ecowrap’ report. “The RBI Board had recommended that the risk provisioning under the Contingent Risk Buffer (CRB) be maintained within a range of 7.5 per cent to 4.5 per cent of the RBI’s balance sheet. The transferable surplus for the year has been arrived at on the basis of the revised Economic Capital Framework (ECF) as approved by the Central Board in its meeting held on May 15, 2025,” the report mentioned. (IANS)
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