RBI authorises a surplus transfer to the Central Government of Rs 30,307 crore

RBI authorises a surplus transfer to the Central Government of Rs 30,307 crore – The Reserve Bank of India (RBI) has sanctioned a surplus transfer to the Central Government of 30,307 crore rupees for the fiscal year 2021-22.

  • The Reserve Bank of India’s Central Board of Directors’ 596th meeting was held in Mumbai, under the chairmanship of Governor Shaktikanta Das, to adopt the Reserve Bank’s Annual Report and Accounts for the year.
  • The board decided to keep the Contingency Risk Buffer at 5.50 per cent after examining the ongoing economic condition, global and domestic issues, and the effect of recent geopolitical developments.

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