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RBI audit panel, board to decide on dividend: RBI Governor

RBI audit panel, board to decide on dividend: RBI Governor

TIL Desk/Business/New Delhi/ The Reserve Bank of India (RBI) on Monday said its accounts have just been closed and based on the accounts, its audit committee and the RBI Central Board will take a decision on the Centre”s demand for a Rs 90,000 crore dividend.

“The accounting is just closed on June 30. Based on the accounts, the audit committee of the RBI will take a call and then the Central Board of RBI will take a decision”, Governor Shaktikanta Das told media persons after the RBI”s Central Board meeting here where Finance Minister Nirmala Sitharaman was to brief the Central Bank on the Budget measures.

Das was responding to a question if the central bank is comfortable with Rs 90,000 crore dividend demand from Centre. He also added that there is a broad understanding on how much the amount is, while declining to comment further. “It will be premature for me to answer that question in specific terms, but there is a broad understanding on how much it is,” Das said.

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