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RBI to transfer Rs 65,896 cr surplus to govt
PrintReserve Bank of India will transfer its surplus profit of 65,896 crore rupees to the Centre. This amount is 25 percent higher than previous year. RBI’s Central Board of Directors met in Mumbai yesterday and approved the transfer of surplus amount for the year ended June 30, 2015. The Reserve Bank follows the July-June accounting year. Last year, the apex bank had transferred 52,679 crore rupees of its surplus profit to the Government.
The 553rd meeting of the Central Board of RBI was chaired by Governor Raghuram Rajan and attended by RBI Deputy Governors, other directors of the Central Board and government nominees. Mr. Hasmukh Adhia, Secretary, Department of Financial Services and Arvind Subramanian, Chief Economic Adviser also attended the Board meet.
The 553rd meeting of the Central Board of RBI was chaired by Governor Raghuram Rajan and attended by RBI Deputy Governors, other directors of the Central Board and government nominees. Mr. Hasmukh Adhia, Secretary, Department of Financial Services and Arvind Subramanian, Chief Economic Adviser also attended the Board meet.
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