Surplus bonanza: RBI decides to transfer Rs 1.76-lakh crore ($20 million) to government

摘要

In a move that will help the Centre bridge its fiscal deficit, the Central Board of the Reserve Bank of India ha: decided to transfer a staggerinc Rs 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 |Rs 1,05,000 crore) via disinvestment jn FY20. This is the biggest-ever payout by the central bank. The central bank had transferred Rs50,000 crore in 2017-18. The RBI's balance sheet size as at June-end 2019 stood at Rs 9,57,036 crore.