This also includes a one-time transfer of a little over Rs 52,000 crore.
Reserve Bank of India's board accepted Bimal Jalan panel's recommendations and decided to transfer over 1.76 lakh crore to the government this year - this includes a dividend of 1.2 lakh crore rupees.
This also includes a one-time transfer of a little over Rs 52,000 crore of excess provisions identified under the revised Economic Capital Framework.Moneycontorl's Sakshi Batra gets in a conversation with Moneycontrol Deputy Executive Editor Gaurav Choudhury to understand how this surplus transfer will affect the economy.The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .