On 23 May 2025, the Reserve Bank of India (RBI) approved a record surplus transfer of over ₹2.68 lakh crore to the Central Government for the financial year 2024-25. The decision was made during a board meeting chaired by RBI Governor Sanjay Malhotra in Mumbai.
The Board of Directors also reviewed both domestic and global economic conditions and approved the RBI’s Annual Report and Financial Statements.
The surplus was calculated under the revised Economic Capital Framework, which mandates maintaining the Contingent Risk Buffer (CRB) between 5.50% and 7.50% of the RBI’s balance sheet. For 2024-25, the CRB has been raised to 7.50%.
This is the highest-ever dividend transfer by the RBI, intended to support government finances amid continuing economic challenges.
