The board of RBI decided to transfer a sum of Rs 1,76,051cr to the Govt of India comprising Rs 1,23,414cr of surplus for the year 2018-19 and Rs 52,637cr of excess provisions identified as per the revised Economic Capital Framework. This follows the RBI board accepting the recommendation of transfer of excess reserves to the govt.
from Times of India https://ift.tt/2Pgzq8T
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