Finance ministry may not get the desired dividend from Reserve Bank of India, PSU banks

....“A huge rise in transfer of profit from the Reserve Bank as well as public sector banks to the government is possible,” says Jahangir Aziz, economist at JPMorgan Chase. “But it would depend on how much bonds the government will issue and how much of these will be picked up by the RBI and the banks. The income here is an outcome of financial engineering by the government and not on account of increase in productive activity in the economy.”.........

Read - ET