Excess Reserves | The Asian Age

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excess reserves

The board of central bank decided to transfer a sum of Rs 1,76,051 crore to the Government of India comprising Rs 1,23,414 crore of surplus for the year 2018-19 and Rs 52,637 crore of excess provisions identified as per the revised Economic Capital Framework (ECF). (Photo: AFP)

RBI approves surplus transfer of Rs 1.76 lakh crore to government

This follows the RBI board accepting the recommendation of high-level panel headed by its former governor Bimal Jalan.

26 Aug 2019 9:08 PM

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