RBI Approves Transfer Of Rs 87,416 Crore As Surplus To The Government
Zee Business Video Team | Updated: May 21, 2023 13:26 pm
The Reserve Bank of India's Central Board Friday approved the transfer of Rs 87,416 crore as surplus, or dividend, to the Union Government for the accounting year 2022-23, providing a major boost to its fiscal position. The board decided to keep the Contingency Risk Buffer at 6 per cent.
