RBI to transfer Rs 99,122 crore as surplus to Central govt

The Reserve Bank on Friday approved the transfer of Rs 99,122 crore as surplus to the central government for the accounting period of nine months ended March 31. The decision to transfer the surplus to the central government was taken at the meeting of the Central Board of Directors of RBI. The meeting was held through video conferencing.
The RBI Board, according to a release, also reviewed the current economic situation, global and domestic challenges and recent policy measures taken by the Reserve Bank to mitigate the adverse impact of the second wave of COVID-19 on the economy.