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The Central Board of Directors of the Reserve Bank of India on Friday approved the payment of Rs 30,307 crore dividend to the central government for the financial year 2021-22.
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The Reserve Bank of India (RBI) today said its Board of Directors had approved the transfer of Rs 30,307crore as surplus to the Central Government for the accounting year 2021-22.
Last month the Reserve Bank of India (RBI) had surprised many by announcing huge surplus transfer of Rs 99,122 crore to Centre for nine months ended March 31, 2021.Now it has justified the transfer suggesting that it was made possible due to ...
The higher transfer is an attempt to lower the fiscal deficit, reduce borrowing cost and cushion the weak cash management