SBI Report – CNBC TV18 says

About Bumper Dividend of Reserve Bank of India 2.7 lakh crore will reduce the fiscal state of the government and help in development in the fourth largest economy in the world, SBI said in a report in SBI.

Finance Minister Nirmala Sitarman estimated a dividend income in his budget for 2025-26 2.56 lakh crore cumulative from RBI and public sector financial institutions.

With the transfer of RBI, this number will now be much higher than budget estimates.

“We hope that the fiscal deficit will be minimized by the budget level to 4.2% of the GDP to the minimum of 20 basis points. Alternatively, it will open for additional expenses for the surroundings. 70,000 crores, other things remain unchanged, “according to the latest version of SBI Research’s Ecoverap.

RBI announced a record Compared with financial year 2024-25 (April 2024 to March 2024) compared to 2.69 lakh crore dividends 2.11 lakh crores transferred to previous fY24, 27.4%increase.

This contingent risk follows a change in the boundary of buffers that the central bank can maintain up to 6% +/- (plus or minus) to 1.5%. The buffer was previously maintained between 5.5% and 6.5% (6.0% in FY 23).

“(RBI) Board recommended that the risk provision under casual risk buffer (CRB) be maintained within a range of 7.5% to 4.5% of RBI’s balance sheet,” said this.

The report stated, “This surplus payment is inspired by strong gross dollar sales, high foreign exchange gains and steady increase in interest income. In particular, RBI was the top seller of foreign exchange reserves among other Asian central banks in January.”

In September 2024, the foreign exchange reserves reached $ 704 billion and the RBI sold the “truck load of truck load” to stabilize the currency, said that surplus dynamics for RBI were decided by their LAF operation and interest from their holding of domestic and foreign securities. The remaining amount under the Daily LAF shows that the RBI was in absorption mode from June 3 to December 13, 2024. “However, after mid-December, the system’s liquidity-March turned into injection mode by 2025. Average absorption adds RBI expenses under LAF,” it was added.

The system turned into liquidity surplus mode and stood up 1.2 lakh crores on March 31, 2025 1.7 lakh crores.

According to the report, durable liquidity in FY26 is likely to be supported by several factors such as many factors, such as OMO purchases, RBI’s dividend transfer and a BOP surplus of about $ 25–30 billion in FY26.