RBI to transfer Rs 28,000 crore interim surplus to government

Reserve Bank will transfer an interim dividend of Rs 28,000 crore to the government, a move that will help the Centre keep fiscal deficit in check.RBI has already transferred Rs 40,000 crore in current year (2018-19). Interim dividend is a payment made during the course of a financial year.RBI is a “full service” central bank… Continue reading RBI to transfer Rs 28,000 crore interim surplus to government