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What is the Significance of Record Dividend Payout By RBI to the Govt?

The Reserve Bank of India's (RBI) Central Board of Directors has approved the transfer of Rs 2.11 lakh crores as surplus to the government for the financial year 2023-24, the RBI said in a statement on May 22. This is arguably the highest ever yearly surplus transfer to the government by the Indian central bank. But what does this mean for the goverment of India? Watch to find out. #rbi #government #surplus Moneycontrol is India's leading financial and business portal with in-depth market coverage, analysis, expert opinions, and a gamut of financial tools. A part of Network18, moneycontrol.com is the most influential destination for stock market news and advice, business news, and news about the Indian and global economy. Subscribe: https://bit.ly/moneycontrolyoutube Follow us: Visit https://www.moneycontrol.com/ Facebook:   / moneycontrol   Twitter:   / moneycontrolcom   Instagram:   / moneycontrolcom