New Delhi, May 17 -- The RBI is expected to transfer a record surplus dividend of Rs 2.7 lakh crore to Rs 3 lakh crore to the govt in FY26, an almost 50 per cent increase YoY, highlighted a report by Front Wave Research, a SEBI-registered Research Analyst.

This would mark a sharp rise from last year's historic Rs 2.1 lakh crore transfer, and could significantly impact India's fiscal position and liquidity conditions in the coming months. The dividend is likely to be announced by late May.

The report said "The RBI is expected to transfer a record surplus to the government in FY26, with estimates ranging from Rs 2.7 lakh crore to Rs 3 lakh crore".

The report expected surge in surplus transfer is driven by three major factors. First, the ...