Rbi Reserve Surplus
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RBI To Retain Liquidity Surplus, May Announce Another GSAP Round: Report
Funds parked with the Reserve Bank of India, in its reserve repo window, have averaged about Rs 7,00,000 crore, while the government's cash balances with the central bank are about Rs 3,40,000 crore.
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Reserve Bank Of India To Transfer Rs 99,122 Crore As Surplus To Central Government
Last year, RBI's board approved the transfer of Rs 57,128 crore as surplus to the central government for accounting year 2019-20 (July-June)
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Crisis-Hit Lakshmi Vilas Bank's Merger With DBS India Cleared By Cabinet
Cabinet approves merger of Lakshmi Vilas Bank with DBS Bank: As part of the amalgamation plan, DBS India will infuse fresh capital of Rs 2,500 crore into LVB and the entire share capital and reserves and surplus will be written off.
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RBI Approves Dividend Payout Of Rs 57,000 Crore To Government
The Reserve Bank of India (RBI) on Friday approved an annual dividend payout of more than Rs 57,000 crore to the government. The development comes at a time when the government's fiscal deficit hit a record Rs 6.62 lakh crore in the April-June period as the coronavirus pandemic-triggered lockdown affected government's revenue collections. Fiscal de...
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RBI Cuts Reverse Repo Rate To Boost Liquidity, Rs 50,000-Crore Push For Lenders
Reserve Bank of India Governor Shaktikanta Das on Friday announced a 25-basis-point cut in the reverse repo rate to 3.75 per cent, in a bid to push banks to utilise excess funds within the system towards lending. Reverse repo rate is the interest rate at which the RBI borrows funds from commercial banks. Shaktikanta Das said the move was to encoura...
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Contingency Fund Falls To Rs 1.96 Lakh Crore After Payout To Centre: RBI Report
The balance in the contingency fund as of June 30, 2019 was Rs 1,96,344 crore compared to Rs 2,32,108 crore as of June 30, 2018, RBI said.
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Can't Say How Funds From RBI Will Be Utilised: Nirmala Sitharaman
A day after the Central Board of Reserve Bank of India decided to payout Rs 1.76 lakh crore from its reserve and surplus to the government of India, Finance Minister Nirmala Sitharaman on Tuesday said that the government has not yet decided on how the funds from the central bank will be utilised.
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On Rahul Gandhi's "Stealing From RBI" Tweet, Nirmala Sitharaman's Retort
Union minister Nirmala Sitharaman today hit out at critics of the Reserve Bank's unprecedented decision to transfer a record Rs. 1.76 lakh crore from its surplus and reserves. Questioning the recommendation of the committee concerned was "outlandish", she said, since it was appointed by the central bank. The big takedown was directed at the Congres...
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Amid Slowing Growth, RBI's Rs 1.76 Lakh-Crore Payout To Government: 10 Points
The Reserve Bank of India (RBI) on Monday approved a payout of Rs 1.76 lakh crore to the government from its surplus and reserves, after an expert committee chaired by former Governor Bimal Jalan made its recommendations to the central bank. The record transfer, including a surplus of Rs 1.23 lakh crore for 2018-19, will boost the government's fina...
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RBI Approves Surplus Transfer Of Rs 1.76 Lakh Crore To Government
The amount of transfer this year is more than double the Rs 68,000 crore that it provided in the previous year.
-
RBI Board May Discuss Dividend Payment To Government On Monday: Report
The RBI follows July-June financial year and the dividend is usually distributed in August after annual accounts are finalised. For FY20, the government has pegged a Rs 9,000 crore dividend from the RBI.
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Bimal Jalan Panel Report On Transfer Of RBI Funds To Be Submitted "Very Soon": Report
The reserve panel has suggested transfer of funds from RBI in tranches over 3-5 years, according to the report
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RBI Panel Again Defers Report On Transfer Of Surplus Funds To Government
The six-member panel, headed by Former RBI Governor Bimal Jalan, which was originally supposed to submit the report in April.
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Government Panel On RBI's Reserves Likely To Submit Report By June End: Official
The panel has sought an extension over the stipulated 90 days period to finalise the report, Bimal Jalan, the head of the panel, told reporters.
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Government Does Not Need RBI Reserves To Manage Fiscal Deficit: Arun Jaitley
Finance Minister Arun Jaitley said that central banks of most of the countries keep a reserve of 8 per cent, while some conservative central banks maintain 14 per cent reserves.
-
RBI To Retain Liquidity Surplus, May Announce Another GSAP Round: Report
Funds parked with the Reserve Bank of India, in its reserve repo window, have averaged about Rs 7,00,000 crore, while the government's cash balances with the central bank are about Rs 3,40,000 crore.
-
Reserve Bank Of India To Transfer Rs 99,122 Crore As Surplus To Central Government
Last year, RBI's board approved the transfer of Rs 57,128 crore as surplus to the central government for accounting year 2019-20 (July-June)
-
Crisis-Hit Lakshmi Vilas Bank's Merger With DBS India Cleared By Cabinet
Cabinet approves merger of Lakshmi Vilas Bank with DBS Bank: As part of the amalgamation plan, DBS India will infuse fresh capital of Rs 2,500 crore into LVB and the entire share capital and reserves and surplus will be written off.
-
RBI Approves Dividend Payout Of Rs 57,000 Crore To Government
The Reserve Bank of India (RBI) on Friday approved an annual dividend payout of more than Rs 57,000 crore to the government. The development comes at a time when the government's fiscal deficit hit a record Rs 6.62 lakh crore in the April-June period as the coronavirus pandemic-triggered lockdown affected government's revenue collections. Fiscal de...
-
RBI Cuts Reverse Repo Rate To Boost Liquidity, Rs 50,000-Crore Push For Lenders
Reserve Bank of India Governor Shaktikanta Das on Friday announced a 25-basis-point cut in the reverse repo rate to 3.75 per cent, in a bid to push banks to utilise excess funds within the system towards lending. Reverse repo rate is the interest rate at which the RBI borrows funds from commercial banks. Shaktikanta Das said the move was to encoura...
-
Contingency Fund Falls To Rs 1.96 Lakh Crore After Payout To Centre: RBI Report
The balance in the contingency fund as of June 30, 2019 was Rs 1,96,344 crore compared to Rs 2,32,108 crore as of June 30, 2018, RBI said.
-
Can't Say How Funds From RBI Will Be Utilised: Nirmala Sitharaman
A day after the Central Board of Reserve Bank of India decided to payout Rs 1.76 lakh crore from its reserve and surplus to the government of India, Finance Minister Nirmala Sitharaman on Tuesday said that the government has not yet decided on how the funds from the central bank will be utilised.
-
On Rahul Gandhi's "Stealing From RBI" Tweet, Nirmala Sitharaman's Retort
Union minister Nirmala Sitharaman today hit out at critics of the Reserve Bank's unprecedented decision to transfer a record Rs. 1.76 lakh crore from its surplus and reserves. Questioning the recommendation of the committee concerned was "outlandish", she said, since it was appointed by the central bank. The big takedown was directed at the Congres...
-
Amid Slowing Growth, RBI's Rs 1.76 Lakh-Crore Payout To Government: 10 Points
The Reserve Bank of India (RBI) on Monday approved a payout of Rs 1.76 lakh crore to the government from its surplus and reserves, after an expert committee chaired by former Governor Bimal Jalan made its recommendations to the central bank. The record transfer, including a surplus of Rs 1.23 lakh crore for 2018-19, will boost the government's fina...
-
RBI Approves Surplus Transfer Of Rs 1.76 Lakh Crore To Government
The amount of transfer this year is more than double the Rs 68,000 crore that it provided in the previous year.
-
RBI Board May Discuss Dividend Payment To Government On Monday: Report
The RBI follows July-June financial year and the dividend is usually distributed in August after annual accounts are finalised. For FY20, the government has pegged a Rs 9,000 crore dividend from the RBI.
-
Bimal Jalan Panel Report On Transfer Of RBI Funds To Be Submitted "Very Soon": Report
The reserve panel has suggested transfer of funds from RBI in tranches over 3-5 years, according to the report
-
RBI Panel Again Defers Report On Transfer Of Surplus Funds To Government
The six-member panel, headed by Former RBI Governor Bimal Jalan, which was originally supposed to submit the report in April.
-
Government Panel On RBI's Reserves Likely To Submit Report By June End: Official
The panel has sought an extension over the stipulated 90 days period to finalise the report, Bimal Jalan, the head of the panel, told reporters.
-
Government Does Not Need RBI Reserves To Manage Fiscal Deficit: Arun Jaitley
Finance Minister Arun Jaitley said that central banks of most of the countries keep a reserve of 8 per cent, while some conservative central banks maintain 14 per cent reserves.
