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RBI approves transfer of Rs 99,122 crore as surplus to Centre

RBI approves transfer of Rs 99,122 crore as surplus to Centre
This will be for the accounting period of nine months ended March 31. It has also decided to maintain the Contingency Risk Buffer at 5.50 per cent
BusinessToday.In | May 21, 2021 | Updated 13:32 IST
Rs 99,122 crore as surplus to Centre
The Reserve Bank of India Central Board has approved transfer of Rs 99,122 crore as surplus to the central government. This will be for the accounting period of nine months ended March 31. It has also decided to maintain the Contingency Risk Buffer at 5.50 per cent.
The decision was taken during the 589th meeting of the Central Board of Directors of Reserve Bank of India on Friday held through video conferencing. ....

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Read more about Market Wrap Podcast, May 21: Here s all that happened in the markets today on Business Standard. Supported by a rally in other financial stocks, coupled with favourable global cues, the BSE barometer of 30-shares ended at 50,540 levels, up 976 points or 1.9 per cent ....

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RBI Board approves transfer of Rs 99,122 cr as surplus to government

RBI s high surplus transfer to buffer hit on government revenues
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Last Updated: May 21, 2021, 03:11 PM IST
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Synopsis
The RBI announced a surplus transfer of 991.22 billion rupees ($13.58 billion) for the 9-month period from July 2020 to March 2021, the central bank said in a statement. The bank will move to an April to March accounting year from 2021/22, from a July to June year.
RBI to transfer Rs 99,122 crore surplus to government
The Reserve Bank of India s board approved a significantly higher than expected surplus transfer to the government on Friday but it may not be enough to cushion the damage from a crippling second wave of the novel coronavirus. ....

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Letters to the editor dated May 21, 2021 - The Hindu BusinessLine

Customs duty reliefThis refers to the news report ‘Customs duty relief for Covid tangled in red tape’ (May 20). The exemption has been given as an ad hoc exemption and not a general exemption because ....

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RBI to transfer Rs99,122 crore as surplus to Centre

Reserve Bank will transfer Rs 99,122 crore as surplus to Centre for nine months ended March 31, 2021. ....

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