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Last Updated : Aug 27, 2019 07:12 PM IST | Source: Moneycontrol.com

Editor's Take | RBI to transfer Rs 1.76 lakh crore to govt

This also includes a one-time transfer of a little over Rs 52,000 crore.

Moneycontrol News @moneycontrolcom

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.

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First Published on Aug 27, 2019 07:11 pm
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