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IndiaPosted at: Feb 18 2019 6:41PM


RBI to transfer interim surplus of Rs 28,000 cr to Govt

New Delhi, Feb 18 (UNI) The Reserve Bank of India Board on Monday decided to transfer an interim surplus of Rs 28,000 crore to the Government for the half year ended December 31, 2018.
This is the second successive year that the Central Bank will be transferring an interim surplus, the Bank said in a statement here.
The RBI said the transfer decision was based on a limited audit review and taken after applying the extant economic capital framework. The Board also reviewed the current economic situation, global and domestic challenges and other specific areas of operations of the Reserve Bank.
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