In the interim Budget on February 1 by Finance Minister Nirmala Sitharaman, the Central Government may rise receipts from dividends from RBI, Banks and other financial institutions at much higher level than Rs 48,000 crore estimated for the current fiscal. The current financial year estimate has already exceeded the Budget target as RBI paid a dividend of Rs 87,416 crore.
The public sector banks and financial institutions posted good quarterly numbers during the current financial year, the dividend payout by them in the coming year would be higher compared to this year. Hence it will be feasible to expect about Rs 70,000 crore as dividend payout from RBI and financial institutions in the Financial Year 2025.
During 2023-24, the Reserve Bank transferred a surplus of Rs 87,416.22 crore to the central government which is higher than both the amount transferred last year ( Rs 30,307.45 crore ) and the budgeted amount under Dividend/Surplus transfer of Reserve Bank of India, Nationalised Banks and Financial Institutions in the Union Budget 2023-24 ( Rs 48,000 crore ). In the previous financial year, the government mobilised Rs 40,953 crore from RBI and public sector financial institutions. The higher dividend from banks and financial institutions, will help achieve a good fiscal deficit glide path.
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