The numbers behind RBI’s ₹1.76 lakh crore payout to government: 10 points
5 years, 4 months ago

The numbers behind RBI’s ₹1.76 lakh crore payout to government: 10 points

Live Mint  

The Reserve Bank of India on Monday approved a record ₹1.76 lakh crore payout to the government, which is more than double the ₹68,000 crore that it provided the previous year. The ₹1.76 lakh crore transfer to the government includes ₹1.23 lakh crore as dividend to the government and ₹52,637 crore from its surplus capital. "Revaluation balances are highly volatile, and whose levels move autonomously depending on RBI’s discharge of its public policy objectives of maintaining price, financial and external stability, coupled with international market developments reflected in movements in the price of foreign assets, exchange rate, interest rate and gold price," the Bimal Jalan committee said. 3) The central board of RBI accepted all the recommendations of the Bimal Jalan committee on its economic capital framework and finalised the central bank’s accounts for 2018-19 using the revised framework to determine risk provisioning and surplus transfer.

Risk Committee Central Rbi Lakh Crore Provisioning Bimal Jalan Revaluation Balances  lakh  crore  central  jalan  numbers  capital  176  risk  payout  provisioning  committee  rbis  rbi  points

History of this topic

India’s Fiscal Deficit Stands at Rs 8.5 Lakh Cr, 52.5 PC of Budget Target
1 week, 2 days ago

India’s Fiscal Deficit Stands at Rs 8.5 Lakh Cr, 52.5 PC of Budget Target

Deccan Chronicle  

New Delhi: Crossing the halfway mark in the first eight months of the year, India’s fiscal deficit stood at Rs 8.5 lakh crore or 52.5 percent of the Budget target. “Net tax receipts for the first eight months of the current financial year were at Rs 14.43 lakh crore, or 56 per cent of the annual target, compared with Rs …

India’s April-November 2024 fiscal deficit hits 52.5% of FY25 target at ₹8.47 lakh crore
1 week, 2 days ago

India’s April-November 2024 fiscal deficit hits 52.5% of FY25 target at ₹8.47 lakh crore

Live Mint  

India’s fiscal deficit for the April-November period was ₹8.47 trillion, 52.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts on Tuesday. The latest figure is lower than ₹9.07 trillion a year ago due to the Reserve Bank of India dividend and subdued government capex during the first quarter amid the general elections, …

UP collects ₹1.35 lakh crore tax revenue in 8 months
1 month ago

UP collects ₹1.35 lakh crore tax revenue in 8 months

Hindustan Times  

[email protected] For representation only Uttar Pradesh government on Wednesday claimed it has collected a tax revenue of ₹135058.47 crore in the first eight months of 2024-2025. It collected ₹7579.74 crore from transport, ₹2226.81 crore from energy and ₹279.54 crore from land revenue “Our revenue collections are going up and the state’s financial situation is witnessing marked improvement consistently. The state …

Revenue receipts of Telangana government continue to bely expectations after five months of current financial year
3 months, 1 week ago

Revenue receipts of Telangana government continue to bely expectations after five months of current financial year

The Hindu  

The overall revenue receipts of the State continue to bely expectations of the government. The State registered overall revenue receipts of ₹61,618 crore at the end of August, just 27.85 % of ₹2.21 lakh crore projected in the budget estimates for the current fiscal. Tax revenue during the five-month period was shade better at ₹57,722 crore, 35.11 % of ₹1.64 …

Tamil Nadu government plans to borrow ₹24,000 crore in Q2, 2024-25
6 months, 1 week ago

Tamil Nadu government plans to borrow ₹24,000 crore in Q2, 2024-25

The Hindu  

Tamil Nadu government plans to borrow ₹24,000 crore in the second quarter of fiscal 2024-2025, as per the Indicative Calendar of Market borrowings by State governments/Union Territories, released by the Reserve Bank of India. Tamil Nadu government plans to borrow a total amount of ₹1,55,584.48 crore during 2024-25 and make repayment of ₹49,638.82 crore, as per the State Budget. At …

RBI's Balance Sheet Rises 11 pc to Rs 70.47 Lakh Cr in FY24
7 months, 1 week ago

RBI's Balance Sheet Rises 11 pc to Rs 70.47 Lakh Cr in FY24

Deccan Chronicle  

In actual terms, the increase was Rs 7,02,946.97 crore over Rs 63.45 lakh crore as of March 2023. The central bank's net income stood at Rs 2.11 lakh crore at end-March 2024 after making a provision of Rs 42,819.91 crore, significantly down from Rs 1,30,875.75 crore in the preceding fiscal. Last week, the RBI approved the highest-ever dividend payout of …

DC Edit | RBI’s booster shot to economy
7 months, 2 weeks ago

DC Edit | RBI’s booster shot to economy

Deccan Chronicle  

The Reserve Bank of India transferred a whopping amount of Rs 2.1 lakh crores to the Central government as a dividend payout, giving a booster shot to volatile stock markets. The current payout is 141 per cent higher than the ₹87,416 crores that the RBI had given the Central government last year and is Rs 1.1 lakh crores more than …

Welcome bounty: On the RBI’s ₹2.11-lakh-crore transfer to the Union government
7 months, 2 weeks ago

Welcome bounty: On the RBI’s ₹2.11-lakh-crore transfer to the Union government

The Hindu  

The decision by the Reserve Bank of India’s board to transfer a record surplus of almost ₹2.11 lakh crore to the Union government for 2023-24 will serve as a welcome shot in the arm for the new government when it presents its Budget in July. More than double the previous year’s ₹87,416 crore payout as well as the ₹1.02 lakh …

RBI To Pay Record Rs 2.11 Lakh Crore Dividend to Government
7 months, 2 weeks ago

RBI To Pay Record Rs 2.11 Lakh Crore Dividend to Government

Deccan Chronicle  

Mumbai: The Reserve Bank of India's board on Wednesday approved the transfer of record Rs 2.11 lakh crore as dividend to the Central government for accounting year 2023-2024. This is the highest ever surplus paid by the central bank to the government and is a 141 per cent jump from Rs 87420 crore dividend paid in the financial year ended …

RBI board approves transfer of ₹2,10,874 crore surplus to Centre for FY24
7 months, 2 weeks ago

RBI board approves transfer of ₹2,10,874 crore surplus to Centre for FY24

The Hindu  

In a windfall gain for the Centre, the Central Board of Directors of the Reserve Bank of India on Wednesday approved the transfer of a record ₹2,10,874 crore as surplus to the Union government for the accounting year 2023-24. “The Board also discussed the working of the Reserve Bank during the year April 2023 – March 2024 and approved the …

RBI approves ₹2.11 lakh crore dividend payout to govt for 2023-24
7 months, 2 weeks ago

RBI approves ₹2.11 lakh crore dividend payout to govt for 2023-24

The Hindu  

The Reserve Bank of India on May 22 approved a ₹2.11 lakh crore dividend payout to the central government for 2023-24, more than double the amount it paid for the previous 2022-23 financial year. The decision was taken at the 608th meeting of the Central Board of Directors of the Reserve Bank of India held under the chairmanship of Governor …

FPIs reverse trend; infuse Rs 1,500 crore into Indian equities in February
10 months ago

FPIs reverse trend; infuse Rs 1,500 crore into Indian equities in February

India TV News  

Foreign investors made a significant turnaround and injected over Rs 1,500 crore into Indian equities in February, reversing the massive outflows seen in the preceding month, primarily due to robust corporate earnings and positive economic growth. Additionally, Foreign Portfolio Investors continued to be bullish on the debt markets as they put in over Rs 22,419 crore during the month under …

Ajit Pawar presents interim budget, state debt reaches ₹7.82 lakh crore
10 months, 1 week ago

Ajit Pawar presents interim budget, state debt reaches ₹7.82 lakh crore

Hindustan Times  

MUMBAI: Finance minister Ajit Pawar on Tuesday presented a ₹6 lakh crore interim budget with a revenue deficit of ₹9,734 crore. While the government is aiming for a $1trillion state economy, its debt burden has reached ₹7.82 lakh crore after a net borrowing of ₹72,000 crore. The PM has announced welfare schemes for youth, women, the poor and farmers, which …

Impact of ₹2,000 notes withdrawal: Currency-in-circulation growth dips to 3.7% in February
10 months, 2 weeks ago

Impact of ₹2,000 notes withdrawal: Currency-in-circulation growth dips to 3.7% in February

The Hindu  

The growth in currency in circulation decelerated to 3.7% for the week ended February 9 from 8.2% a year ago, reflecting the impact of the decision of the Reserve Bank of India to withdraw ₹2,000 banknotes. According to the RBI, commercial banks have reported double-digit growth in deposits in January, which too can be attributed to withdrawal of ₹2,000 currency …

Indians still hold Rs 12,000 cr in Rs 2,000 notes that will go out of circulation soon
1 year, 3 months ago

Indians still hold Rs 12,000 cr in Rs 2,000 notes that will go out of circulation soon

Firstpost  

RBI Governor Shaktikanta Das said, so far, nearly 87 per cent of Rs 2,000 banknotes have been returned to the banks in form of deposits Reserve Bank of India Governor Shaktikanta Das on Friday said 2,000 rupee notes worth Rs 12,000 crore are still in circulation. “Rs 12,000 crore of the Rs 3.56 lakh crore worth of Rs 2,000 notes …

RBI refused Rs 2-3 lakh crore transfer to government in 2018: Viral Acharya
1 year, 4 months ago

RBI refused Rs 2-3 lakh crore transfer to government in 2018: Viral Acharya

India Today  

Former RBI deputy governor Viral Acharya shared more details about the events that led to the public clash between the government and the Reserve Bank of India in 2018, just a year before the 2019 Lok Sabha elections. In an updated prelude to his book, Quest for Restoring Financial Stability, he disclosed that the Reserve Bank of India refused the …

RBI says 88% of ₹2,000 notes returned to banks
1 year, 5 months ago

RBI says 88% of ₹2,000 notes returned to banks

The Hindu  

The Reserve Bank on August 1 said 88% of the ₹2,000 banknotes valued at ₹3.14 lakh crore have returned to the banking system after it announced the withdrawal of the high-value currency notes from circulation in May. According to the data received from banks, the RBI said the total value of ₹2,000 banknotes received back from circulation is ₹3.14 lakh …

Deposit of ₹2000 notes, rise in RBI dividends to improve short-term liquidity
1 year, 7 months ago

Deposit of ₹2000 notes, rise in RBI dividends to improve short-term liquidity

Live Mint  

There will be an improvement in short-term liquidity due to an increase in RBI dividends and deposit of ₹2,000 notes by banks till September, predicts India Ratings in its latest edition of the monthly credit market tracking report. The report highlighted that the Banking system liquidity declined as of 25 May 2023 to around ₹500 billion on average. “Decline in …

RBI says India’s growth momentum to continue in FY24; stresses on structural reforms
1 year, 7 months ago

RBI says India’s growth momentum to continue in FY24; stresses on structural reforms

The Hindu  

The Reserve Bank on May 30 said that India’s growth momentum is likely to continue in 2023-24 even as it made a case for pushing structural reforms to deal with the geopolitical developments and also to achieve sustained growth in the medium-term. The Reserve Bank’s annual report flagged slowing global growth, protracted geopolitical tensions and a possible upsurge in financial …

RBI Board Approves Rs 87,416 Crore Dividend Payout To Centre For 2022-23
1 year, 7 months ago

RBI Board Approves Rs 87,416 Crore Dividend Payout To Centre For 2022-23

ABP News  

The Reserve Bank of India on Friday approved Rs 87,416 crore dividend payout to the central government for 2022-23, nearly triple of what it paid in the previous year. "The board approved the transfer of Rs 87,416 crore as surplus to the central government for accounting year 2022-23, while deciding to keep the Contingency Risk Buffer at 6 per cent," …

Economists Estimate RBI Dividends To Centre May Double Due To Revaluation Gains: Report
1 year, 7 months ago

Economists Estimate RBI Dividends To Centre May Double Due To Revaluation Gains: Report

ABP News  

The Reserve Bank of India board may nearly double its dividend to the government from official estimates due to revaluation gains and profits from selling dollars, citing economists news agency Bloomberg reported. Amid early indications of slowing growth accompanied by elevated interest rates and declining global demand, a higher dividend may assist the government in achieving its objective of reducing …

RBI board to meet today, expected to consider dividend payout to government
1 year, 7 months ago

RBI board to meet today, expected to consider dividend payout to government

Live Mint  

The Reserve Bank of India’s board will meet on today i.e. During the meeting, the board is expected to consider a dividend payout to the government, people with knowledge of the matter told Bloomberg. During the May board meeting, the authority typically reviews its finances and how much it can transfer to the government. Also Read: New rule for international …

Budget 2023 | Govt to borrow record ₹15.4 lakh crore in FY24 to bridge revenue gap
1 year, 11 months ago

Budget 2023 | Govt to borrow record ₹15.4 lakh crore in FY24 to bridge revenue gap

The Hindu  

The government plans to borrow a record ₹15.4 lakh crore from dated securities in FY24 to meet its expenditure requirement to prop up the economy. Finance Minister Nirmala Sitharaman while presenting the Budget on February 1 said the net market borrowings from dated securities are estimated at ₹11.8 lakh crore to finance the fiscal deficit in 2023-24. The gross market …

Total govt debt rises to Rs 147 lakh cr in Q2: FinMin Report
2 years ago

Total govt debt rises to Rs 147 lakh cr in Q2: FinMin Report

Deccan Chronicle  

NEW DELHI: The total liabilities of the government increased to Rs 147.19 lakh crore at September-end from Rs 145.72 lakh crore at the end of June this fiscal year, according to the latest data on public debt. Public debt accounted for 89.1 per cent of total gross liabilities at September-end 2022, up from 88.3 per cent as on June 30, …

Six years since demonetisation, cash with public at record high of ₹30.88 lakh crore
2 years, 2 months ago

Six years since demonetisation, cash with public at record high of ₹30.88 lakh crore

The Hindu  

Currency with the public has jumped to a new high of ₹30.88 lakh crore as of October 21, illustrating that cash usage is still robust even six years after the demonetisation move. At ₹30.88 lakh crore, the currency with the public is 71.84% higher than the level for the fortnight ended November 4, 2016. As per the fortnightly data on …

RBI decides to give ₹30,307 cr FY22 dividend to Centre
2 years, 7 months ago

RBI decides to give ₹30,307 cr FY22 dividend to Centre

Live Mint  

The Reserve Bank of India on Friday approved a dividend payment of ₹30,307 crore to the Centre for the fiscal year ended March 2022, sharply lower than the government’s expectations. In the 2022 budget, the government had estimated that it would receive ₹73,948 crore as dividend from the RBI and state-run lenders for FY22, which would be transferred this fiscal. …

Telangana government raised ₹2.41 lakh crore loans since its formation
2 years, 9 months ago

Telangana government raised ₹2.41 lakh crore loans since its formation

The Hindu  

The State has borrowed ₹2.41 lakh crore in the form of loans from various agencies since its formation in 2014-15. Loans from the open market constituted the major chunk of borrowings at ₹2.18 lakh crore while money raised from power bonds/UDAY scheme was pegged at ₹8,923 crore. The Central government allowed additional borrowings of ₹1,435 crore in 2019-20 for relief …

Centre's fiscal deficit at ₹5.47 lakh crore at end-October
3 years, 1 month ago

Centre's fiscal deficit at ₹5.47 lakh crore at end-October

The Hindu  

The Union government's fiscal deficit works out to be ₹5.47 lakh crore or 36.3% of the budget estimates at the end of October 2021 on the back of improvement in revenue collection, according to the data released by the Controller General of Accounts on Tuesday. Commenting on the data, Aditi Nayar, Chief Economist, ICRA Limited, said despite the likely revenue …

RBI Doubles Payments Bank Balance Limit To Rs 2 Lakh. Know What It Means For Customers
3 years, 9 months ago

RBI Doubles Payments Bank Balance Limit To Rs 2 Lakh. Know What It Means For Customers

ABP News  

In major push to payments banks, the Reserve Bank of India went ahead and raised the maximum balance at the end of the day to Rs 2 lakh per customer soon after the governor Shaktikanta Das announced the decision to enhance the limit. The decision to increase the limit of maximum balance at the end of the day from Rs …

RBI Surplus Transfer to Govt at 44%; Lowest in Last 7 Years: Former Fin Secy SC Garg
4 years, 4 months ago

RBI Surplus Transfer to Govt at 44%; Lowest in Last 7 Years: Former Fin Secy SC Garg

News 18  

Former Finance Secretary SC Garg said on Wednesday that the RBI transferred only 44 per cent of its surplus or income to the government, which is the lowest in percentage terms in the last seven years. Earlier this month, the RBI board approved a surplus transfer of Rs 57,128 crore to the central government for Accounting Year 2019-20. In August …

RBI to transfer ₹57,128 crore surplus to Centre for FY20
4 years, 4 months ago

RBI to transfer ₹57,128 crore surplus to Centre for FY20

The Hindu  

The board of the Reserve Bank of India has approved the transfer of ₹57,128 crore as surplus to the government for the accounting year 2019-20, while deciding to maintain the Contingency Risk Buffer at 5.5%, the RBI said in a statement on Friday. “The Board reviewed the current economic situation, continued global and domestic challenges and the monetary, regulatory and …

RBI payout may slump in disappointment for markets, fund says
4 years, 5 months ago

RBI payout may slump in disappointment for markets, fund says

Live Mint  

Bond traders pinning their hopes on a larger-than-budgeted central bank payout to Prime Minister Narendra Modi’s government may be in for a disappointment, according to Quantum Advisors Pvt. The Reserve Bank of India will probably transfer as much as ₹60,000 crore for the year to June 30, sticking with estimates unlike last year when the payment was almost double the …

Govt likely to cut spending by Rs 2 lakh crore in current fiscal: Report
5 years ago

Govt likely to cut spending by Rs 2 lakh crore in current fiscal: Report

India Today  

India’s government is likely to cut spending for the current fiscal year by as much as Rs 2 lakh crore as it faces one of the biggest tax shortfalls in recent years, three government sources said. The government has spent about 65% of the total expenditure target of 27.86 lakh crore rupees till November but reduced the pace of spending …

Centre may seek ₹30,000 cr interim dividend from RBI to meet fiscal target
5 years, 3 months ago

Centre may seek ₹30,000 cr interim dividend from RBI to meet fiscal target

The Hindu  

The Centre may seek an interim dividend of about ₹30,000 crore from the Reserve Bank of India towards the end of the financial year to meet its fiscal deficit target of 3.3% of GDP for 2019-20, sources said. “If required, the government may request the Reserve Bank of India for interim dividend of ₹25,000-30,000 crore during the current fiscal,” an …

Explained: Where do the RBI’s earnings come from?
5 years, 4 months ago

Explained: Where do the RBI’s earnings come from?

The Hindu  

The story so far: On August 26, the Reserve Bank of India central board decided to transfer ₹1.76 lakh crore to the government, a move that is likely to address the Central government’s precarious fiscal situation. The massive payout has raised concerns that the government may be confiscating money from the RBI to meet its urgent spending needs, thus effectively …

Post-record payout to govt, RBI’s contingency fund plunges to ₹1.96 lakh cr
5 years, 4 months ago

Post-record payout to govt, RBI’s contingency fund plunges to ₹1.96 lakh cr

Live Mint  

The Reserve Bank's contingency fund, useful in fighting any exigency, has plunged to ₹1.96 lakh crore as of June 30, after the ₹52,000 crore excess payout to the government, says the central bank's annual report for FY19. After the payout to the government, "the balance in the contingency fund as of June 30, 2019 was ₹1,96,344 crore compared to ₹2,32,108 …

RBI’s profit more than trebles in 2018-19 on lower expenses
5 years, 4 months ago

RBI’s profit more than trebles in 2018-19 on lower expenses

Live Mint  

Reserve Bank of India’s profit for 2018-19 more than trebles to ₹1.76 trillion owing to lower expenditure and higher other income, which has enabled a higher surplus transfer to the government. Simultaneously, other income rose nearly 20 times on a y-o-y basis to ₹86,199 crore after the central bank wrote back excess provisions from balance sheet to the profit and …

Post-record payout to govt, contingency fund plunges to Rs 1.96 lakh cr: RBI annual report
5 years, 4 months ago

Post-record payout to govt, contingency fund plunges to Rs 1.96 lakh cr: RBI annual report

India TV News  

The Reserve Bank's contingency fund, useful in fighting any exigency, has plunged to Rs 1.96 lakh crore as of June 30, after the Rs 52,000 crore excess payout to the government, says the central bank's annual report for FY19. After the payout to the government, "the balance in the contingency fund as of June 30, 2019 was Rs 1,96,344 crore …

Bond income helps RBI pay record payout to government
5 years, 4 months ago

Bond income helps RBI pay record payout to government

Live Mint  

The Reserve Bank of India’s record payout to the government turns the focus back to the central bank’s profits and how it can afford such a massive transfer. Almost 70% of the 1.76 trillion-rupee disbursement — which was approved by the RBI on Monday — is derived from the income the central bank earned on its investments, likely gains from …

Why the RBI's Rs 1.76 lakh crore surplus transfer has sparked a debate
5 years, 4 months ago

Why the RBI's Rs 1.76 lakh crore surplus transfer has sparked a debate

India Today  

On August 26, the central board of the Reserve Bank of India decided to transfer a surplus of Rs 1.76 lakh crore to the government-its highest transfer ever-sparking a fierce debate. The surplus from the central bank comprised two components-Rs 1.23 lakh crore of surplus for the year 2018-19 and an additional Rs 52,637 crore of excess provisions that was …

Gains from massive bond buying helped transfer higher surplus: RBI
5 years, 4 months ago

Gains from massive bond buying helped transfer higher surplus: RBI

Live Mint  

The Reserve Bank could transfer an additional ₹1.23 trillion from its surpluses to the government, thanks to the gains from bond buying and a change in the accounting practices of its forex operations, sources said Wednesday. The higher quantum of bond buying to inject liquidity into the system has resulted in additional income of ₹36,000 crore, while the changes in …

RBI’s ₹1.76 trillion transfer to government to be balance sheet neutral
5 years, 4 months ago

RBI’s ₹1.76 trillion transfer to government to be balance sheet neutral

Live Mint  

Mumbai: The transfer of the Reserve Bank of India’s surplus to the government will not require the central bank to sell assets and won’t shrink the size of its balance sheet, a person aware of the development said. The person also said that finance secretary Rajiv Kumar, the government’s nominee on the Bimal Jalan committee, wanted RBI’s surplus, or the …

Government should use RBI funds in a prudent manner
5 years, 4 months ago

Government should use RBI funds in a prudent manner

The Hindu  

After a long tug of war, the government has eventually had its way with the Reserve Bank of India, managing to get it to part with a portion of its accumulated reserves. The RBI board, on Monday, decided to transfer a massive ₹1,76,051 crore to the government, including a sum of ₹52,637 crore from its contingency reserve built over the …

RBI can pay interim dividend to govt in exceptional cases: Jalan panel
5 years, 4 months ago

RBI can pay interim dividend to govt in exceptional cases: Jalan panel

Live Mint  

Mumbai: A Reserve Bank of India panel, led by former governor Bimal Jalan, has recommended that the central bank pay interim dividend to the government, a practice that started in 2016-17, only under exceptional circumstances. The Jalan committee has also recommended that RBI’s capital framework be reviewed every five years and its accounting year be aligned with the fiscal year …

Congress asks government to issue white paper on economy
5 years, 4 months ago

Congress asks government to issue white paper on economy

India TV News  

The Congress on Tuesday slammed the BJP government over the Reserve Bank of India transferring Rs 1.76 lakh crore in dividend and surplus reserves to the government and asked it to release a white paper within a week on the economy. But the current financial year's first quarter for which final figures would be out on August 30 was projected …

Windfall from RBI to give government ammunition to fight slowdown, boost capex
5 years, 4 months ago

Windfall from RBI to give government ammunition to fight slowdown, boost capex

India TV News  

A record windfall from the RBI under Governor Shaktikanta Das to the tune of Rs 1.76 lakh crore -- higher than the aggregate dividend paid out by the central bank in previous three years -- will give the Modi government ammunition to fight an ever-widening slowdown in the economy by spurring investment and giving sectoral stimulus. Given the expected revenue …

Explained | What does the ₹1.76 lakh crore transfer mean for RBI, government
5 years, 4 months ago

Explained | What does the ₹1.76 lakh crore transfer mean for RBI, government

The Hindu  

The Reserve Bank of India has decided to transfer ₹1.76 lakh crore to the Central government from its own reserves. The committee recommended that the RBI maintain a Contingent Risk Buffer — which mostly comes from the CF — of between 5.5-6.5% of the central bank’s balance sheet. Regarding the RBI’s economic capital levels — which is essentially the CGRA …

RBI to transfer highest-ever surplus of Rs 1.76 lakh cr to govt; all you need to know about central bank's excess capital
5 years, 4 months ago

RBI to transfer highest-ever surplus of Rs 1.76 lakh cr to govt; all you need to know about central bank's excess capital

Firstpost  

The Narendra Modi government and the RBI under its previous governor Urjit Patel had been at loggerheads over the optimum level of surplus capital with the central bank. Governor Shaktikanta Das-led RBI central board on Monday gave its nod for transferring to the government a sum of Rs 1,76,051 crore comprising Rs 1,23,414 crore of surplus for the year 2018-19 …

Govt appropriated 99 pc of RBI's profits since 2014: Yechury
5 years, 4 months ago

Govt appropriated 99 pc of RBI's profits since 2014: Yechury

India TV News  

CPI general secretary Sitaram Yechury hit out at the Centre on Tuesday over the record cash transfer by the RBI, alleging that the government had "appropriated" 99 per cent of the profits of India's central banking institution since 2014. The Left leader's reaction came a day after the Reserve Bank of India approved the transfer of a record Rs 1.76 …

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