Overview

• The Reserve Bank of India (RBI) conducted its 615th Central Board meeting on May 15 to review the Economic Capital Framework (ECF), which determines surplus transfers to the government.
• The FY24 dividend payout reached a record ₹2.1 lakh crore, significantly higher than the ₹87,416 crore transferred in FY23.
• Economists predict that the FY25 surplus transfer could surpass ₹2.5 lakh crore, with some estimates reaching as high as ₹3.5 lakh crore.
• The Union Budget for the current fiscal year projected ₹2.56 lakh crore in dividend income from the RBI and public sector financial institutions.
• A final decision on the FY25 dividend payout is expected at the RBI's next Central Board meeting, scheduled for May 23, 2025.