Budget 2026: Government to Receive ₹3.16 Lakh Crore Dividend from RBI, PSU Banks in FY27

• The government anticipates a ₹3.16 lakh crore dividend from the RBI and public sector banks in FY27, as announced by Finance Minister Nirmala Sitharaman.
• This projected amount is higher than the ₹2.68 lakh crore received from the RBI in the current financial year.
• RBI dividends are a crucial revenue source, helping to manage the fiscal deficit despite declining nominal growth and rising expenditure.
• A Moneycontrol poll had accurately predicted a dividend range of ₹2-3 lakh crore from RBI and PSU banks.
• The higher dividend estimate is linked to strong PSU bank balance sheets and increased currency market volatility, with RBI selling dollars to manage the rupee.

Why It Matters: Government projects a significant ₹3.16 lakh crore dividend from RBI and PSU banks in FY27, boosting revenue.