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Informist, Sunday, Feb. 1, 2026

--BUDGET: FY27 RBI surplus, PSU financial cos dividend seen at INR 3.16 tln 

--BUDGET: FY26 RBI surplus, PSU financial cos dividend seen at INR 3.046 tln 

--CONTEXT: Budget saw FY26 RBI surplus, PSU fincl cos dividend INR 2.56 tln 

NEW DELHI/MUMBAI – The government on Sunday projected the surplus transfer from the Reserve Bank of India and dividend from public sector banks and financial institutions in 2026-27 (Apr-Mar) at INR 3.16 trillion, up 3.7% from the revised estimate of INR 3.05 trillion for FY26. The revised estimate for surplus transfer from the RBI and dividend from PSU banks in FY26 is INR 486 billion higher than the Budget estimate of INR 2.56 trillion. 

The RBI transferred a record INR 2.69 trillion as surplus to the government in FY26. Over the years, the RBI surplus transfer has become a crucial part of the government's non-tax revenues. The RBI transfers the surplus to the government for a particular year in May of the subsequent financial year.

The dividends from other public sector companies are projected at INR 750 billion in FY27, up 5.7% from the revised estimate of INR 710 billion. The Budget for FY26 had projected dividends from public sector enterprises at INR 690 billion.  End

Reported by Priyasmita Dutta and Nandini Sinha

Edited by Saji George Titus

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