Turning new page, RBI dips into its reserves to transfer record Rs 1.76 lakh crore to govt - Newshunt | Latest and Breaking News, India News & World News

Home india Turning new page, RBI dips into its reserves to transfer record Rs 1.76 lakh crore to govt

Turning new page, RBI dips into its reserves to transfer record Rs 1.76 lakh crore to govt

August 26, 2019

The transfer includes Rs 1.23 lakh crore of surplus for 2018-19 and Rs 52,637 crore of excess provisions identified under a revised Economic Capital Framework (ECF). It is over three times the five-year average of Rs 53,000 crore.

from India News: Latest News India, Live Breaking News, Today's Top Headlines | The Indian Express
Read The Rest:indianexpress...