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RBI approves transfer of Rs 99,122 crore as surplus to govt

Reserve Bank of India (RBI) has decided to transfer a surplus of Rs 99,122 crore to the central government for the accounting period of nine months ended March 31, 2021.

The central bank has also decided to maintain the Contingency Risk Buffer at 5.50 per cent.

The central bank took the decision to transfer the surplus in the 589th meeting of the Central Board of Directors of RBI.



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