RBI Cuts Sur­plus Trans­fer to Govt

The Economic Times - - Front Page -

The Re­serve Bank slashed the sur­plus it trans­fers to the gov­ern­ment by more than half amid spec­u­la­tion that note re­call im­posed a cost on the reg­u­la­tor which also func­tions as a banker to the gov­ern­ment. The RBI will trans­fer ₹ 30,659 crore to the trea­sury, down from ₹ 65,876 crore a year ear­lier.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.