RBI TRANSFER TO GOVERNMENT

May 21, 2022

The Reserve Bank of India (RBI) has approved the transfer of 30,307 crore rupees as surplus to the Central Government for the accounting year 2021-22.

About:

The decision was taken after deciding to maintain the contingency risk buffer at 5.50 per cent of its balance sheet.
According to the Bimal Jalan committee’s report, the RBI, at all times, has to maintain a minimum contingency risk buffer of 5.5 per cent.
This year’s transfer is sharply lower than what the central bank had did in the previous financial year — Rs 99,126 crore.

Source : Business Standard

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