RBI to transfer ₹87416 cr surplus money to Central Govt
The Reserve Bank of India (RBI) is set to transfer a surplus of ₹87,416 crore to the central government for the financial year 2021-22. This is the highest-ever surplus transferred by the RBI to the government. The RBI’s surplus is calculated as the difference between its income and expenditure. The RBI’s income comes from a … Read more