Last year, the RBI board approved the transfer of ₹ 57,128 crore as a surplus to central government for the 2019-20 financial year (July-June)
The central board of the Reserve Bank of India has approved the transfer of 99,122 crore as a surplus to the Central Government over the nine-month financial period ending March 31, 2021. and the recent policy measures taken by the Reserve Bank to reduce the negative impact of the second wave of COVID-19 on the economy.
With the change in the Reserve Bank's fiscal year to April-March (early July-June), the Board reported on the performance of the Reserve Bank of India during the nine-month transition (July 2020-March 2021), ”RBI said in a press release.
Last year, the RBI board approved the transfer of ₹ 57,128 crore as a surplus to central government for the 2019-20 financial year (July-June)
Last week, the Reserve Bank of India (RBI) said the high number of second-rate Covid-19 terrorists was due to a lack of service - especially in travel, voluntary spending and work.
The central bank noted in its monthly report that the revival of Covid-19 was slim but did not weaken economic activity in the first quarter of Q1's current financial position.
Although very difficult at this time, the average inclination to find that losing momentum is not as severe as at this time last year, the RBI has observed.
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