Interim Dividend

RBI governor Shaktikanta Das says not aware of govt demand for interim dividend

Governor Shaktikanta Das on Friday scotched media reports that the government might seek an interim dividend of Rs 30,000 crore from the central bank to meet its revenue shortfall after the massive tax cuts

Govt may seek Rs 30,000 cr interim dividend from RBI: Even then, Nirmala Sitharaman may have to give 3.3% deficit target a miss

Over the years, the dividend transfer from the RBI to the government has grown many times (seen the table) and the utilisation of this money has been a subject of debate.

Bimal Jalan panel says RBI can pay interim dividend to govt only under exceptional circumstances; recommends review of ECF every 5 years

The Bimal Jalan panel was constituted by the central bank in consultation with the government to review the extant ECF of the RBI

RBI Financial Stability Report: There is good news and bad news, but where is the plan of action?

The Financial Stability Report analyses threadbare the overall state of the various segments as well as highlights the risk-related issues

Asian Paints fourth quarter net profit decline 1.7% to Rs 487 cr, but total income increases 12% to Rs 5,075 cr

Asian Paints posted a net profit of Rs 2,211.91 crore for 2018-19 as compared with Rs 2,097.52 crore for 2017-18.

Infosys March quarter net profit jumps 10.5% to Rs 4,078 cr, revenue grows 19% to Rs 21,539 cr

In US dollars, Infosys saw its net profit growing 1.7 percent to $581 million in the March 2019 quarter from $571 million in the year-ago period, while revenues rose 9.1 percent to $3.06 billion from $2.8 billion a year ago.

Power Grid Corp pays Rs 1,600 cr interim dividend to govt for 2018-19

State-owned Power Grid Corporation said on Friday that it has paid Rs 1,629.62 crore as interim dividend for 2018-19 to the central government

State-owned REC pays Rs 1,143 cr interim dividend for FY19 to govt

State-owned REC Ltd on Friday said it has paid Rs 1,143.34 crore as interim dividend for 2018-19 to the power ministry

Govt pushes cash-rich IOC, ONGC to pay second interim dividend for this fiscal as revenue shortfall widens

As per regulations, a company cannot declare a second dividend within a month of the previous payout and companies like ONGC would need to seek an approval of SEBI to make such a payment.

RBI govenor Shaktikanta Das says it is govt's right to demand interim dividend and use it the way its wants

Payment of surplus or interim dividend to the government is a part of the RBI Act, so we are not doing anything beyond what is there in the legal provision, Shaktikanta Das said