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Finance > Banks & institutions > Companies (banking) > RBI
21 May 2021
The Central Board of Directors of Reserve Bank of India at its annual meeting today approved the transfer of Rs99,122 crore as surplus to the central government for the accounting period of nine months ended 31 March 2021 (July 2020-March 2021).
The transfer will help the government s finances as the country battles a furious second coronavirus wave that has seen daily infections and deaths rise to a record level. The restrictions clamped to break the chain of infections have also put a question mark on the country s economic recovery.
RBI has decided to maintain its Contingency Risk Buffer at 5.50 per cent. The central bank is required to maintain a contingency risk buffer of 5.5-6.5 per cent of its balance sheet.
RBI Board approves transfer of ₹99,122 crore as surplus to government
Updated:
Updated:
May 21, 2021 14:01 IST
The decision to transfer the surplus to the Central government was taken at the meeting of the Central Board of Directors of RBI.
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Reserve Bank of India Governor Shaktikanta Das.
The decision to transfer the surplus to the Central government was taken at the meeting of the Central Board of Directors of RBI. The Reserve Bank of India on Friday approved the transfer of ₹99,122 crore as surplus to the Central government for the accounting period of nine months ended March 31.
The decision to transfer the surplus to the Central government was taken at the meeting of the Central Board of Directors of RBI. The meeting was held through video-conferencing.
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.