RBI to pay Rs 33,010 crore dividend to government

The Reserve Bank of India (RBI) said on Thursday that its board has approved the transfer of Rs 33,010 crore dividend or surplus profit to the government for the accounting year ended June 30, 2013.

Market participants had expected a dividend payout of Rs 33,000-35,000 crore. The RBI follows a July to June accounting year. In the previous year, it paid a dividend of Rs 16,010 crore.

Copyright: Thomson Reuters 2013