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Detailed explanation-1: -The board approved the transfer of Rs 30, 307 crore as surplus to the central government for the accounting year 2021-22 while deciding to maintain the Contingency Risk Buffer at 5.50 per cent, RBI said in a statement.

Detailed explanation-2: -RBI To Pay ₹ 30, 307 Crore Dividend To Government For 2021-22 Last year in May, RBI declared a dividend of ₹ 99, 122 crore for the nine-month period. Mumbai: Reserve Bank of India (RBI) on Friday said its board has approved a dividend payment of ₹ 30, 307 crore to the government for the financial ended March 2022.

Detailed explanation-3: -The Reserve Bank of India (RBI) will transfer Rs 30, 307 crore as surplus to the government for 2021-22, the central bank said in a statement following its board meeting on Friday. The decision was taken after deciding to maintain the contingency risk buffer at 5.50 per cent of its balance sheet.

Detailed explanation-4: -The Reserve Bank of India’s (RBI) Board approved a sharply lower surplus transfer of ₹30, 307 crore to the government for the accounting year 2021-22, the lowest in 10 years. This is in sharp contrast to the surplus transfer of ₹99, 122 crore for nine months ended March 31, 2021 (July 2020-March 2021).

Detailed explanation-5: -The Reserve Bank of India (RBI) has, by an order dated July 7, 2022, imposed a monetary penalty of ₹5.72 crore (Rupees Five crore and seventy-two lakh only) on Federal Bank Ltd.