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Yesterday’s big news was related to RBI. RBI has approved to give dividend of ₹2,86,588.46 crore to the Central Government for the financial year 2025-26. The government decided to sell its 8% stake in Central Bank of India through Offer for Sale.
Before tomorrow’s big news, these are today’s headlines…
- The stock market will remain closed today due to Saturday holiday.
Now read tomorrow’s big news…
1. RBI will give dividend of ₹2.87 lakh crore to the government: 7% increase from last year; Treasury will get big relief amid Iran-Israel crisis
The Reserve Bank of India (RBI) has approved to give a dividend (profit share) of ₹ 2,86,588.46 crore to the Central Government for the financial year 2025-26. This decision was taken in the Central Board meeting of RBI on Friday.
This is the largest dividend payment ever. Last year, RBI had given dividend of ₹2.69 lakh crore, 27% more than ₹2.11 lakh crore. This time the amount is about 7% more than the previous record.
Click here to read the full news…
2. States can reduce VAT on petrol and diesel: Telangana has the highest tax, Center has reduced excise duty by ₹ 10.
The central government is preparing to make petrol and diesel cheaper in collaboration with the states. The central government may soon appeal to the states to reduce the value added tax (VAT) on petrol and diesel.
According to media reports, there is every possibility of reduction in VAT in 22 BJP ruled states. Controlling diesel prices is a priority, because it has a direct impact on transportation, agriculture and industry.
Click here to read the full news…
3. Venezuela becomes India’s third largest oil supplier: Saudi-US left behind; Indian companies increased purchases after Hormuz closure
There has been turmoil in the global oil market after the closure of the Strait of Hormuz. At a time when the oil supply of Middle East countries was affected, Venezuela has suddenly emerged as India’s third largest crude oil supplier.
According to data from energy tracking agency Kpler, Venezuela has overtaken both Saudi Arabia and the US in May 2026. Currently only Russia and UAE have supplied more oil than Venezuela. According to the report, this month the oil supply from Venezuela to India has increased by about 50 percent as compared to April.
Click here to read the full news…
4. Government will sell 8% stake in Central Bank of India: Will raise ₹2,455 crore through offer for sale; Floor price fixed at ₹31 per share
The government decided to sell its 8% stake in Central Bank of India through Offer for Sale (OFS). The government has fixed the floor price for this OFS at ₹31 per share, which is at a discount of more than 8.5% from the bank’s Thursday closing price of ₹33.94.
After this decision, today i.e. Friday, May 22, there is a decline of more than 5% in the shares of Central Bank in the market. It is trading around Rs 32. It has fallen by more than 13% in a month.
Click here to read the full news…
5. SBI-Banks may remain closed for 6 days: Work will be affected from 23rd to 28th May; Reason- weekend, strike and Bakrid holiday
The country’s largest government bank SBI may remain closed for 6 consecutive days. Work in SBI branches will be affected between May 23 and May 28, 2026.
The main reason for this is the weekend, the proposed two-day strike of the employees and the two-day holidays declared by the Reserve Bank of India (RBI) for Bakrid (Eid-ul-Azha).
Click here to read the full news…
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