Explained: Contingency Fund of the Reserve Bank of India(RBI)

News: The Reserve Bank of India(RBI) has retained a whopping amount of Rs 73,615 crore within the RBI by transferring it to the Contingency Fund(CF) of the central bank. Facts: How much has RBI transferred to the Government? The RBI has approved the transfer of Rs 57,128 crore as surplus or dividend to the Central… Continue reading Explained: Contingency Fund of the Reserve Bank of India(RBI)