RBI Fund Transfer Subject: Economy Section: Monetary Policy The Reserve Bank of India (RBI) on Friday said its board had approved the transfer of ₹30,307 crore as surplus to the Union government for the fiscal year 2021-22, while deciding to maintain the Contingency Risk Buffer at 5.50%. Concept: The RBI, established in 1935, […]

    RBI Fund Transfer The Reserve Bank of India (RBI) on Friday said its board had approved the transfer of ₹30,307 crore as surplus to the Union government for the fiscal year 2021-22, while deciding to maintain the Contingency Risk Buffer at 5.50%. Concept: The RBI, established in 1935, operates according to the Reserve Bank of […]