Udayavni Special

RBI Board approves transfer of Rs 57,128 crore as surplus to govt


PTI, Aug 14, 2020, 7:02 PM IST

Mumbai: The RBI Board on Friday approved the transfer of Rs 57,128 crore as surplus to the central government for the accounting year 2019-20, the central bank said in a statement.

The decision was taken at the 584th meeting of the Central Board of the Reserve Bank of India chaired by Governor Shaktikanta Das.

The Board reviewed the current economic situation, continued global as well as domestic challenges, and monetary, regulatory and other measures taken by the RBI to mitigate the economic impact of COVID-19 pandemic.

“The Board also approved the transfer of Rs 57,128 crore as surplus to the Central Government for the accounting year 2019-20, while deciding to maintain the Contingency Risk Buffer at 5.5 per cent,” the RBI said in a statement.

Further, the Central Board discussed the proposal of setting up an Innovation Hub.

It also discussed various areas of operations of the bank during the last year, and approved the annual report and accounts of the Reserve Bank for 2019-20.

Top News

K’taka COVID-19 update: State’s total tally crosses 5L mark with 8626 new cases on Sep 17

Suspected malware attack on NIC traced back to email from B’luru firm; FIR registered

Shopian encounter: Army finds ‘prima facie’ evidence against its men, initiates proceedings under Army Act

Udta Bollywood: Karan Johar’s house party video to be probed by NCB

Mekedatu, Kalasa-Banduri Nala projects: BSY urges Centre for early approvals

K’taka: Schools slated for Sept 21 reopening but no classes yet

Several MNCs have shown interest to shift base to India: Goyal




Related Articles More

Apple to launch online store in India on Sep 23

Govt considering reducing Air India’s debt and delaying its disinvestment

Uniformity in GST rates necessary for sustained growth of mining sector: FIMI

IKEA retail sets up global operations centre in Bengaluru

Petrol demand returns to pre-Covid-19 levels, diesel demand still down

MUST WATCH

How to outsmart cunning China?

Royal Mahal : Udupi’s Old Building got collapsed | One woman Injured |Udayavani

Mangaluru: Century old well discovered at Hampankatta!

Complete Guide from Seeds to Harvest | Rice/Paddy Farming

Udupi : Suresh Rao an Inspirational Dairy Farmer | Milk Business In India

Latest Additions

K’taka COVID-19 update: State’s total tally crosses 5L mark with 8626 new cases on Sep 17

Sandalwood drugs case: Police have arrested 13 people, will nab others says Bommai

Who is 18-year-old Udit Singhal selected by UN for ‘2020 Young Leaders for SDGs’?

Parties preparing for show of power in K’taka gram panchayat election

Suspected malware attack on NIC traced back to email from B’luru firm; FIR registered

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.