Mumbai, August 14
The RBI Board on Friday accredited the switch of Rs 57,128 crore as surplus to the Central authorities for the accounting 12 months 2019-20, the central financial institution mentioned in a press release.
The choice was taken on the 584th assembly of the Central Board of the Reserve Bank of India chaired by Governor Shaktikanta Das.
The Board reviewed the present financial state of affairs, continued world in addition to home challenges, and financial, regulatory and different measures taken by the RBI to mitigate the financial affect of COVID-19 pandemic.
“The Board also approved the transfer of Rs 57,128 crore as surplus to the Central Government for the accounting year 2019-20, while deciding to maintain the Contingency Risk Buffer at 5.5 per cent,” the RBI mentioned in a press release.
Further, the Central Board mentioned the proposal of establishing an Innovation Hub.
It additionally mentioned varied areas of operations of the financial institution over the last 12 months, and accredited the annual report and accounts of the Reserve Bank for 2019-20. PTI