RBI to transfer 73 per cent higher surplus to the government in FY21

After setting aside all the prescribed provision, the RBI board approved the transfer of Rs 99,122 crore as surplus to the Central Government for the accounting period of nine months ended March 31, 2021, while deciding to maintain the Contingency Risk Buffer at 5.50% at the lower end of the range of 5.5-6 per cent prescribed by the Jalan committee which reviewed RBI's economic capital framework. This is 73.5 higher than Rs 57128 crore surplus transfer made in FY'20.

from Banking/Finance-Industry-Economic Times https://ift.tt/3hFJNiT