Home Business RBI surplus transfer to govt at 44%; lowest in last 7 years: Ex finance secy SC Garg

RBI surplus transfer to govt at 44%; lowest in last 7 years: Ex finance secy SC Garg

by Economic Times
0 comment 24 views

Since 2013-14, the RBI has been paying 99 per cent of its disposable income to the government, which is battling to rein in deficits. In August 2019, RBI’s central board gave its nod for transferring to the government a sum of Rs 1,76,051 crore comprising Rs 1,23,414 crore of surplus for 2018-19 and Rs 52,637 crore of excess provisions.

This RBI surplus transfer to govt at 44%; lowest in last 7 years: Ex finance secy SC Garg was originally published on https://economictimes.indiatimes.com/industry/banking/finance/rbi-surplus-transfer-to-govt-at-44-lowest-in-last-7-years-ex-finance-secy-sc-garg/articleshow/77766822.cms

Related Posts