Latest RBI’s Economic Capital Framework News & Updates

RBI Central Board to Finalize Surplus Fund Transfer to Government

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Mumbai, May 22 (IANS) The Reserve Bank of India (RBI) Central Board is meeting on Friday to finalise its transfer of surplus funds to the government under the revised Economic Capital Framework, with economists estimating the dividend to surpass last year’s record payout of Rs 2.69 lakh crore.Analysts from Bank of Baroda and Emkay estimate the dividend to range Rs 2.8 lakh crore and Rs 3.3 lakh crore.The windfall non-tax revenue will provide a major boost to Government finances that will help …