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RBI to transfer Rs 99,122 crore surplus to govt

RBI to transfer Rs 99,122 crore surplus to govt ANI Updated : May 21, 2021, 3:15 pm IST The decision was taken at 589th meeting of the RBI s central board of directors  The RBI pays a dividend every year from its surplus profit. (Photo: AA file Photo)  Mumbai: The Reserve Bank of India (RBI) on Friday decided to transfer a surplus of Rs 99,122 crore to the Central government. The decision was taken at 589th meeting of the RBI s central board of directors. With the change in the Reserve Bank s accounting year to April to March (earlier July to June), the board discussed the working of the Reserve Bank of India during the transition period of nine months (July 2020 to March 2021) and approved the annual report and accounts of the Reserve Bank for the transition period, according to an official statement.

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

RBI s high surplus transfer to buffer hit on government revenues SECTIONS Last Updated: May 21, 2021, 03:11 PM IST Share 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.

RBI approves higher payout of Rs 99,122 crore to govt

RBI approves higher payout of Rs 99,122 crore to govt
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RBI approves transfer of Rs 99,122 crore as surplus to govt for 9 months ended March

RBI approves transfer of Rs 99,122 crore as surplus to govt for 9 months ended March
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