Apex bank’s board accepts Jalan panel recommendations
In a move that will help the Centre bridge its fiscal deficit, the Central Board of the Reserve Bank of India on Monday decided to transfer a staggering 1,76,051 crore as surplus transfer to the government for 2018-19.
This amount is also much more than what the government is expecting (1,05,000 crore) via disinvestment in FY20.
This is the biggest-ever payout by the central bank. The central bank had transferred 50,000 crore in 2017-18. The RBI’s balance sheet size as at June-end 2019 stood at 9,57,036 crores. The surplus transfer includes 52,637 crore of excess provisions identified as per the revised Economic Capital Framework (ECF), which was recommended by the Bimal Jalan Committee and adopted at the Central Board’s meeting.
Denne historien er fra August 27, 2019-utgaven av The Hindu Business Line.
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Denne historien er fra August 27, 2019-utgaven av The Hindu Business Line.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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