RBI to transfer surplus profit of $8.62 bn to govt
11/08/2014 10:40
The Reserve Bank of India said that its board has approved the transfer of a surplus profit of 526.79 billion rupees (USD 8.62 billion) to the government for the year ended June 2014. “The Central Board of Directors of the Reserve Bank of India, at its meeting, approved the transfer of surplus amounting to `526.79 billion for the year ended June 30, 2014 to the Government of India,” RBI said in a press release. The amount was 330.10 billion for the year ended June 30, 2013, added the press release. The central bank said the transfer will take effect on Monday.
11/08/2014 10:40
The Reserve Bank of India said that its board has approved the transfer of a surplus profit of 526.79 billion rupees (USD 8.62 billion) to the government for the year ended June 2014. “The Central Board of Directors of the Reserve Bank of India, at its meeting, approved the transfer of surplus amounting to `526.79 billion for the year ended June 30, 2014 to the Government of India,” RBI said in a press release. The amount was 330.10 billion for the year ended June 30, 2013, added the press release. The central bank said the transfer will take effect on Monday.
