Economists believe that record-breaking Reserve Bank of India (RBI) sales to protect the exchange rate of the rupee and interest earned from large-scale liquidity operations increase the prospect of box office payments, which an overseas banking group believes could be as high as Rs 3.55 crore.
Government debt manager RBI may announce its surplus to the government in late May. Last year, the Reserve Bank of India (RBI) paid Rs 2.1 lakh, twice the expected one.
These funds can help the center close the fiscal gap. In addition, government spending will confide in liquidity to the banking system. The government estimates a dividend of Rs 22.2 crore in the budget.
“This dividend provides room for GOI to correct its fiscal deficit, especially as tax cuts due to slowing down the economy. In addition, there will be high liquidity through this route, which is beneficial for the bond market, especially for shortening the yield on bonds that have long term bonds, especially Madhavi Arora, “Madhavi Arora, Chief Economics,” Emkay Global Services at Emkay Global Services.
Emkay expects dividends to be in the range of Rs 28-3 crore. The calculations conducted by analysts on the balance sheet of the Reserve Bank of India based on public information provide a case for the central bank to transfer surplus of Rs 21.1 crore last year. The bank’s funds thus contribute to its interest income. NIM expects dividends to be in the range of Rs 25 to 3.5 lakh.
