RBI expected to transfer another bumper payout to govt, say analysts

Quick Summary:

The likely bonanza comes at a crucial time as the government is trying to revive an economy weighed down by weak consumption, anemic private sector investments and moderating tax revenues.

The RBI makes an annual payout to the government from the surplus income it earns on investments and valuation changes on its dollar holdings, and the fees it gets from printing currency.

The central bank retains some amount from the surplus to boost its capital, but a large part of the amount is transfered to the government.

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Category: BusinessFinance

Markets: India

Topics: Indian rupee RBI IDFC First Bank Reserve Bank of India

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-24 @ 00:09:14 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 652 words

Reading Time: 4 minutes read

Sentences: 24 lines

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Copyright Owner: © Business Standard

News ID: 25378211

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