RBI transfers record Rs 2.11 lakh crore dividend to the Indian government, exceeding budgeted expectations and previous high of 2018-19.

The Reserve Bank of India (RBI) has surprised with a record Rs 2.11 lakh crore dividend payout to the government for the fiscal year ended March 31, more than doubling its budgeted expectations and helping to shore up revenue ahead of a new government taking office. The RBI board, at its meeting on Wednesday, approved the transfer of surplus. This surpasses the previous high of Rs 1.76 lakh crore in 2018-19 and is expected to contribute to the government's fiscal position and potentially reduce its borrowing needs.