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RBI halves dividend to government

Fri, Aug 11 2017, 07:18 PM

The Reserve Bank of India has halved its dividend payout to the Central government in 2016-17, a year in which the central bank had to manage a large-scale currency exchange. The dividend amount of Rs 30,659 crore is also significantly lower than the Rs 58,000 crore projected by the government in the 2017-18 Budget.