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Trading profit and lower provisions boost surplus SECTIONS Share Synopsis RBI s income dipped by 10.96 per cent, expenditure decreased by 63.10 per cent because of which the year ended with an overall surplus with RBI transferring a surplus of Rs 99,122 crore to the government, up 73.51 per cent over the previous year, according to the latest annual report released by the Reserve Bank. Agencies The year 2020-21 is significant for the change in the accounting year of the Reserve Bank to April - March from July- June earlier. As a result, the accounting year 2020-21 was of nine months from July 2020 - March 2021. ....
RBI to explore diversifying assets to boost returns on foreign exchange reserves SECTIONS Share Synopsis RBI s income dipped by 10.96 per cent, expenditure decreased by 63.10 per cent because of which the year ended with an overall surplus with RBI transferring a surplus of Rs 99,122 crore to the government, up 73.51 per cent over the previous year, according to the latest annual report released by the Reserve Bank. Agencies The year 2020-21 is significant for the change in the accounting year of the Reserve Bank to April - March from July- June earlier. As a result, the accounting year 2020-21 was of nine months from July 2020 - March 2021. ....
Equity indices ended a volatile session with small gains on Thursday. The Nifty managed to close above the 15,300 mark after slipping below that level in the intraday. Banksm IT and metal stocks were in demand while realty shares corrected. As per the provisional closing data, the barometer index, the S&P BSE Sensex, rose 97.70 points or 0.19% at 51,115.32. The Nifty 50 index gained 36.40 points or 0.24% at 15,337.45. Trading was volatile as the May 2021 F&O contracts expired today, 27 May 2021. The broader indices outperformed the benchmarks. The S&P BSE Mid-Cap index rose 0.54% while the S&P BSE Small-Cap index added 0.34%. Buyers outpaced sellers. On the BSE, 1,756 shares rose and 1,364 shares fell. A total of 144 shares were unchanged. ....