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The central board of directors of the Reserve Bank of India (RBI) decided to increase the contingent risk buffer (CRB) for FY23-24 to 6.50% from 6% a year ago and transfer Rs2.11 lakh crore surplus to the Union government. This is the highest-ever yearly surplus transfer by RBI to the Union government.
IndiaBimal-jalanNirmala-sitharamanReserve-bankBudget-speechRBI Annual Report: RBI's income rises 17% in FY24 as interest income from foreign securities surges
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