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Reserve Bank of India to Transfer Record Dividend to Treasury ...

The payout was driven by strong income from dollar sales and foreign assets, with the RBI’s net income rising to Rs 3,95,972.10 crore in FY26.

  • On Friday, May 22, 2026, the Reserve Bank of India approved a surplus transfer of Rs 2.87 lakh crore to the Central Government for the 2025-26 fiscal year, decided during the 623rd meeting of the Central Board in Mumbai.
  • Robust earnings from large-scale dollar sales to stabilize the rupee and higher revenues on foreign assets drove the payout, as the RBI Balance Sheet expanded 20.61 per cent to Rs 91,97,121.08 crore as of March 31, 2026.
  • Aligning with the Economic Capital Framework range of 4.5 to 7.5 per cent, the Central Board allocated Rs 1,09,379.64 crore to the Contingent Risk Buffer, maintaining it at 6.5 per cent of the balance sheet size.
  • Economists warn the government against relying on central bank transfers rather than tax revenue, despite the dividend providing a "robust cushion" for the Finance Ministry; payouts have surged 55-fold over two decades.
  • The transfer aims to support the government's revenue position in FY27, though analysts remain skeptical it will fully offset fiscal deficit pressures as consolidation efforts continue. Spending quality improvements accompany balance sheet consolidation.
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NDTV Profit broke the news on Thursday, May 21, 2026.
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